| Show 1 r WALL W STREET VIEWS WS I By James ms U Financial i o Observer NEW YORK YORK New New York Republican Re Re- publican leaders predict that Joseph Joseph Jo Jo- seph N. N Pew v Jr of Pennsylvania will be an outstanding power at nt next years year's G. G O. O P. P convention Some of them go so far as to say that while he may not exactly dominate the convention he will probably be the most Important single figure In the party's backstage backstage back back- stage councils The Sun oil magnate Is the nearest approach to an old lash boss In the current Republican Republican lican set This Isn't to say that he classes with Mark Hanna Banna or Boles Boies Penrose but he Is doing pretty well with the assets he has including a n lot of money and a willingness to spend It for the party Insiders say that the 1940 Republican Republican Re Re- publican delegations from PennsylvanIa Penn Penn- sylvania Texas and Tennessee are arc in his vest pocket already and he is assiduously developing contacts that will increase his In Influence Influence Influence In- In fluence in other states Chances are that several more will be bo under under under un un- un- un der his wing before re next summer Mr Pew is not in politics for fun His single-minded single objective is to smash the new deal and restore restore restore re re- re- re store what he regards as constitutional constitutional constitutional government Politics to him is merely a means to an end He contributed freely to the G. G O. O P. P In 1936 and will willbe willbe willbe be even more generous next year lIe He frankly regards such donations donations donations dona dona- as an investment on on the premise that If the new dealers win again they will take even more of his money away from him In taxes anyhow Hard-boiled Hard able realistic ultraconservative the Pennsylvanian Pennsylvanian Pennsyl- Pennsyl has enlisted the warm co cooperation cooperation cooperation co- co operation of other corporate leaders and men of wealth He works closely with E. E T. T Weir of National Steel another mother arch archenemy archenemy archenemy enemy of the administration He has learned a lot about the Insa ins and a d outs of politics In fri the last three years especially about the wisdom of keeping out of the limelight himself and has made surprisingly few mistakes for an amateur Officially Mr Pew Pews Js s backing Governor Arthur H. H James of Pennsylvania for 1940 honors but that's just a front He has no illusions that Mr James is of presidential caliber and is simply using him as a bellwether to hold his forces together until he decides decides decides de de- de- de whom he really reany favors for forthe forthe forthe the nomination Insiders say he hasn't made up his mind yet on that point Undersecretary of the Treasury John V. V W. W Hanes is on the level in his invitation to corporate chiefs business organizations labor leaders etc to submit their rec rec- for a federal t tax program that will vIll not unduly handicap business Johnny really wants to find the answer if there Is one om one and and and he Isn't th the S sot sort tt of fellow who likes to put people on the spot v But many of those who hav have been asked to express their vI view will be very guarded In their r ri tt plies piles They trust Hanes all alland ri ht and they are convinced that w wh Whit he is doing has hns the apProval approval S f his Immediate superior Secret Secreta But they arent aren't it at all sure about F. F D. D s R Hanes Is working on the n problem with a J committee rather than with the ir White House and business bIg i timers dont don't relish the idea of ci giving him their full and h ho honti opinion and then having it us against them by new deal sha shooters In the 1940 1040 New Yorkers in a POSition to know say that Hanes lj Is stirn SUcking sticking to a job that ha has become beme dh dis tasteful to him for tor two rea rease One Is the belief that In some way he may be able to the administrations administration's at business The other Is lj that Is i he politically ambitious and wishes to remain In the DU so 10 eye He Is understood to b be gunning gun gun- cun ning flIng eventually for the North Carolina senate seat now flow OCCupied pied by new dealer Bob Re Reynold with a shot long-shot hope meanwhile for the Democratic yi vice ice pres- pres nomination Copyright McClure Syndicate te |
