Imperial Valley press., 1936-09-20
News Behind the News
Economic ROyaIistS' E. COP Makes
Up ROOsereit List Wealthy Men
Help Democratic Party

WASHINGTON-The Republicans have made
up list of wealthy men who have contributed
to the Democratic National Committee under
the New Deal. with the idea of showing that
Roosevelt has HIS economic royaliSts' and that
it just isn't true what they say about all the
poor men being on President Roosevelt's side and
all the wealthy men being on Governor Landons
side.
The sad truth is that if it irks you too much
TO be on a side where there people with
money you probably will have to go vote for
Comrade Browder.
Even a couple of partners in the House of
Morgan contributed to help pay off the New Deal
deficit, namely Russell c. Leffingwell and S.
Parker Gilbert.
Sometimes it seems as if the Morgan firm
always insisted on keeping couple of partners
in the Democratic stable just in case OF con-
tingenceS such as the election of a Democratic
president although il must be said that if MesSrs.
Leffingwel and Gilbert have had any pro-
nounced influence on the New Deal policies 1t
has all been very sub rosa.
Walter F. Frew, chairman of the Corn Ex-
change and Trust Company Of New York. ana
Walter Dunnington trustee OF the Central Han
over Bank, with his office at No. Wall Street,
are also mentioned by Republicans as among
those who have contributed $500 or more to
the Democratic committee.
So did that young multimilionaire, Vincent
Astor, who used to entertain Mr.. Roosevelt on his
yacht before it got to be near election time.
Also William K Vanderbilt of New York and
Arthur Curtis James, another railroad man.
It would be a wonder if some OF the shipping
magnateS, considering all the business they nave
to do with the government hadn't kicked in
something. Sure enough, you find on the list
President P. A S. Franklin Of the international
Mercantile Marine Cetus Heating of North
Atlantic Steamship Corporation and Adolpn
GERM of the Grace Lines. But will they contri-
butte in 1886?
Walter P Chrysler, the automobile man, and
Percy Straus of Macy & Co., Cyrus and Horald
Mccormick of Chicago are also there.
And finally the Republicans cite Mr.. A P.
Giannini of San Francisco whose Trans-Ameri-
ca CORPORATION controls hundreds of banks, many
farm and real estate operations and fire and
life insurance companies. Giannini is supposed
to have been interested in AAA relations with
California growers and is said to be very close
to Gov Mariner Eccles of the Federal Reserve
Board.
Presumably the president would not call
these men economic royalists"-eSpecialy II
they contribute again this year, although he has
refused to say just who he meant. II you ask
informally at Democratic national headquarters
who the "royalists" are, they'll hand you copy
of a pamphlet called Who's who IN the Amerl-
can Liberty League"
committee of the league is composed almost
exclusively of the directors of huge corporate
interests and their attorneys.
"The league it is said sis dominated by
small coterie of men distinguished only by their
wealth and a consuming hatred for the program
of social justice sponsored by the Roosevelt ad-
ministration The financial domination OF
this group covers the country like spiders
web"