The midland journal. (Rising Sun, Md.) 1885-1947, 1927-12-09
NEWS REVIEW OF
CURRENT EVENTS
New Englanders and Wall
Street Eager to ''Draft"
President Coolidge.
BY EDWARD w. PlcKARD

by EDWARD w. PlIkAkU
EASTERN Republicans, political and
u business leaders, cannot reconcile
themselves to seeing President Cool
hge eliminated from the contest for
he nomination next year. They never
awe given up the idea that he could
,e drafted" by the convention, and
should be, despite his expressed re-
aictance to rum again. Last week they
got very busy, especially in Wall
street and ia New England, with plans
to push the Coolidge boom. In Bos-
ION a chain letter petition was started
BY some Of those who believe Mr..
Coolidge should be virtually compelled
70 accept a denomination. The White
House correspondents questioned the
President on this matter and he told
Them he could not see that the eireuia-
ion of the petition would serve any
good purpose and he hoped It would
be discontinued. This being tele-
graphed over the country, the pro-
ponents Of the, chain letter ISSUED a
statement asking that all work on the
plan cease Immediately.
However, the correspondents left the
White House somewhat mystified and
as uncertain as ever in their interpre-
.ation of the Presidents attitude
toward the general proposition of con-
scripting him for another term. Many
( Republican senators and representa-
lives thought nothing had been added
to the Coolidge statement of August
Q and that, while the President does
not want another term and does not
want to be drafted, he nevertheless
would not refuse to respond to the
call if the party should ask him to
sacrifice his personal inclinations.
Others influential in the party believe
he will not be a candidate under any
circumstances.
The theory accounting for the sud-
den interest manifested by New York
Republican leaders in the renomina-
ton of the President is that they are
becoming panic stricken over the dan
ger of losing that state in the Presi-
Dental election. That AL Smith will
be the Democratic nominee is now
generally taken for granted, particu-
larly since dry Democrats have been
seen throwing up the sponge in vari-
Gus parts of the country, and Smith
has repeatedly shown his ability to
carry New York state against great
odds.
Unless Mr.. Coolidge absolutely re-
jects a denomination before congress
meets on December 5 the antithird
term agitation will be renewed, and
Senator La Toilette will reintroduce
his resolution declaring a President
should not serve more than eight
years.
Frank o. Lowden's boom grew some
what with the authorized announce
ment that his name would be entered
in the Indiana preferential primary.
Dawes, it was understood, would not
contest the delegation with the former
governor of Illinois, and Senator Wat
son, who has been credited with Presi-
Dental ambitions, was advised en-
phatically by his friends to stay out
of the race. The Lowden boomers de-
clare their man will enter the conven-
ton with more assured votes than he
had in 1920.
G ECRETARY MELONS program Of
- tax reduction was ripped all up
the back by the house ways and
means committee, which practically
completed the new revenue bill. First
the committee agreed upon a reduc-
ton of taxes not to exceed $250,000,,
600, and then 1t slashed the miscel-
laneous taxes that Mr. Mullen wanted
unchanged. The taxes on automo-
biles and capital stock transfers were
cut in half. The exemption on admis-
sions was raised from IS cents to 81,
the rate on boxing matches being in
creased from 10 to % per cent on ad-
missions Of So and more. The stamp
tax on dealings in futures on grain
and produce exchanges was repealed
The taxes on grape wines were re-
duced to the pre-,yar level. The tax
on corporation ealnings was cut from
1874 to liz pey cent. one-half per
cent more than recommended by Sec