| Show W WALL STREET VIEWS W By James mes McMullin c r ER Financial de Observer deW sj 3 NEW YORK YORK John John Lewis' Lewis re recent recent recent re- re cent announcement that Labors Labor's Nonpartisan league was not interested interested in interested in- in in forming a a. third party and would work within the structure structure structure ture of the Democratic party for 1940 is taken with a dash of saltby saltby salt saltby by New York political sharps They say that what Lewis really means is that he will not seek to organize a third party if the Democrats name candidates and adopt a a. platform that he ap ap- ap- ap proves This Is rated sound strategy politically Lewis would be foolish to go to the expense and trouble of trying to build a brand new national party which party which would probably probably probably ably serve chiefly to split the Democratic vote and thus enhance enhance en en- hance liance Republican prospects prospects prospects-if if the well oiled Democratic national national national na na- na- na and state machines can be steered in a channel that suits his purposes Besides i if I L Lab Labors Labor's a b o 0 rs r's Nonpartisan Nonpartisan Nonpartisan Non- Non partisan league can be developed into a cohesive and potent political political political po po- po- po force it will be able to exert considerable pressure to keep the Democratic party safe for the C CIO CIa I 0 It should be noted that membership membership membership mem mem- in Labors Labor's Nonpartisan league will be opened for the first time to those who do not belong to labor unions after January January January Jan Jan- uary 1 Not only that but there is reason to believe that an Intensive Intensive in intensive In- In c campaign will be staged to line up all liberals under the leagues league's banner without regard to occupation or union status For instance special efforts will be made to enroll professional people people peo peo- pIe doctors lawyers writers artists who by the nature of their work do not come within an organized labor category The significance of this is that the league could then more easily be transformed into an effective nucleus for a a. third party in case the conservative Democrats to to whom Lewis and his C CIO I a 0 are anathema succeed anathema succeed in regaining command of their party Moreover the threat of potential potential potential poten poten- secession by a large and well organized group that calls itself Democratic m might i g h t help to frighten timid middle of the road rood Democrats back into the ne nev vr camp J I President Roosevelt and j jLewis Lewis arent aren't such pals as as' as a t used to be Their former forme aei ei MI for each other eit r cooled considerably But t m dently they plan a working liance Ilance for 1940 in a mutual I tempt to perpetuate the new d dIf dIt If It the Democrats reject Roc velt leadership the Lewis organization will give the pr dent a new foundation on wh to rebuild without having to tot kt over completely from sc seral t But theres there's no doubt would prefer to have the pre sid quell the conservative mutiny I continue as captain of the D Dei Dc z cratic ship I IOne One oth other r angle If Mr Roc velt should show signs of edg toward the right in response Garners Garner's peace overtures Le Lecan can can and and probably will wIll wIll-usi usel labor league to prod him him b toward his o original course i Financial circles with excel excell Washington contacts learn t prospects are improving for a a. aj tand t and substantial modification the new deals deal's yardstick ft j gram J Elements within the admi that genuinely desire end to the government uti wrangle in order to promote bi biness biness ness activity and appear to be gaining in It is recognized there will be no public ment of any chan change e in p pol pl l that may develop The will riot not risk alienating liberal following by cessions to the power compan companAs As long as they get a better brEin bre brein brEin in practice its it's all right jt w utility chiefs if the wants to keep it quiet I a Copyright 1938 for The |
