The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-09-05
FUND ANGELS
QUIT C. 0. P.
OVER DRY BID
Many Big Contributors of
Former Years to Help
Roosevelt Now.
'STRADDLE' is RESENTED
Campaign Fund of Repub-
licanS in Bad Way as
Result of DeSertionS.
'STRADDLE' is RESENTED
BY RAY TUCKER
Times staff Writer

WASHINGTON, Sept. 5.-Presi-
dent Hoover'S formation of an
emergency board of political
strategy was due to the Republic
ans discovery that many of their
principal campaign contributors of
other years have decided to vote
for the Roosevelt Garner ticket,
and to give their funds to the
Presidents rival.
1t was following a canvass of the
golden regions which have formerly
furnished the G.. o. P. with plenty
of money that the Republican nom
inee summoned dozen cabinet
members and politicians to meet
with him at the White House a
week ago.
The problem before them chiefly
was finances, although it reflected
a great change in political opinion
from four years ago.
ReSentful on Dry Stand
Many wealthy Republicans, the
G. o. P. canvassers found, are re-
sentful against the Republicans
stand on prohibition, and will aid
the Democrats because of that issue
alone.
Among those who do not like the
Republicans mere submission plank
are most of the automobile manu-
facturers, many figures in Wall
Street, and, it is reported, John D.
Rockefeller Jr. Rockefeller recently
declared for repeal, as did Walter
Chrysler and others who "ponied
up" for Mr.. Hoover in 1923.
Most of the wealthy patrons of
the Association Against the Prohi-
bition Amendment also are said to
be opposed to Hoover.
Republican finances are in a bad
way, as the recent protest of
Thomas A. j. johnson of Boston
reveals. Johnson gave the Repub-
licans $4,000 as a loan, he says, but
it was accepted as an outright con-
tribution, and he is having diff
Guilty in getting it back
Carries Great Alarm
But more important than the
crimp it puts in their treasury is
the discovery that many key figures
in business and industry will sup
port Roosevelt as against Hoover.
1t caused great alarm in Repub-
lican circles, and accounted for the
secret meeting at the White House.
Although President Hoover has
taken the attitude that business
problems prevent him from giving
any thought to political questions,
he called into conference the men
on whom he depends to correct this
situation.
1t was considered significant that
Ogden D. Mills, treasury secretary
and financier, left Immediately after
the meeting for New York, ano
spent day visiting old cronies in
Wall Street.
Most of the men who gave the
largest contributions to the Repub-
licanS in 1923 have been hard hit
by the depression and most of them
are outright vets.
Sources Dried Up
Hoover's ambiguous stand four
years ago and the markets pyra-
midic pirouettings kept them in line
for the G. o. P. Then from one
building on Wall Street came con-
trihIltjOY1S &tota1iOo mora than
100000. The Rockefeller group
alone gave more than that amount.
This year these sources have dried
up.
Though the G. o. P. has sets its
campaign total at $1,50o,O00, it is
understood they hope to spend twice
that amount.
The senate committee investigat-
ing campaign expenditures was re-
quested today to inquire into the
loan" made by johnson.