OCR Text |
Show MONEY & MARKETS By James McMulttrt Tke Telaereai'i EselvtKe Obearae AiMf Wal Street NEW YORK Nineteen hundred hun-dred and forty Is still quite a distance dis-tance ahead, but at this writing Senator Arthur H. Vandenberg of Michigan towers abovs all othsr O. O. P. aspirants for the presidency presi-dency In the estimation of In-s In-s ultra. Hia record and hia personality are both "right." He la no case-hardened case-hardened conservative voted for quite e few new deal measures, meas-ures, in fact but nslther Is he a reckless radical. He carried the Republican torch In the senate when hia colleagues were toe die-pirlted die-pirlted to lift a finger. He waa reelected to the senate in 1934, when G. O. P. fortunes were in almost complete eclipse. He haa no aerious encmlea inside the party, now that Herbert Hoover has burlsd the hatchet. He is the one Republican in the limelight today who could possibly win Borah's support If that m e a n a anything. Mr. Vandenberg was editor of tha Grand Rapids Herald for 22 years and knows how to get along with tha Fourth Estate. The only things against him, according to New Yorkera who know him well, are a slight pompousness that carries over even into private conversations con-versations and a self-conscious cleverness that la faintly Irritating. Irritat-ing. He is rather Inclined to poss. Hia attractive and level-headed wife la said to be very valuable to him in keeping his feet on the ground. The recent prediction of major political realignments by Governor Gover-nor Philip La Follttte of Wisconsin Wiscon-sin won respectful attention in high financial quarters. New York leaders rate him a big-time factor In ahaplng future political patterns. pat-terns. Young Phil, who Is only 40, Is already recognised as a master of the gentle art of politics. He goes on the principle that a politician who awlms ahead of tha tide can make every mistake In the cal-Vndar cal-Vndar and get away with it, whereaa a man who bucks the tide is doomed to defeat no matter mat-ter how able he may be. Philip has "charm" and an Ingratiating In-gratiating personality that pleases all klnda of people. He attended a Harvard business school gathering gath-ering some months ago and won the liking if not the admiration admira-tion of staid Boston conservatives conserva-tives who had previously thought of him with horror as a wild-eyed radical. That was an smeilng and characteristic achievement. He haa a natural flair for public speaking and has made a good administrative record aa governor gover-nor of Wisconsin. His presidential aspirations are definitely focused an 1M0. Phil has a sense of humor about himself, a rare quality in a politician. poli-tician. He loves to tell a story about a man who waa going to meet him for the first time and asked whether he should address him as "governor" or "your excellency" ex-cellency" or what. "Well," replied the friend who was to introduce him, "everybody in Wisconsin calls him either 'Phil' or 'that so-and-so.' You can taks your choice." v Advertising man Bruce Barton la running on the Republican ticket to fill a New York congressional con-gressional vacancy this fall. His American Labor party opponent Is a colorful figure In his own right His name la George Bacher, a wealthy young man of 24, who is known to his friends as "Chubby." He is marrisd to Dorothy Schiff, daughter of ths late banker Jacob Schiff, who shares his highly unorthodox un-orthodox views on politics and economics. Sources in a position to know say that Mra. Bacher haa had many a atrenuoua argument on the subjects with her brother, John Schiff, one of the outstand-Ing outstand-Ing partnsrs in the distinguished and conservative private banking firm of Kuhn, Loeb Co. Despite his youth, Mr. Bacher Is already known for his generous philanthropy and ia active In the direction of several charitable organisations. or-ganisations. Among other things, he is a member of the executive committee of the Jewish Joint distribution dis-tribution committee. Mr. Bacher ia a sincere believer in the redistribution of wealth and shares President Roosevelt' concern con-cern for the submerged one-third. He contributed substantially to the Roosevelt campaign fund last ysar and also to the American Labor party in New York. Thla year the labor party asksd him if he would run for congress on its ticket in a ailk-stocklng district where ita chancea were pretty slim. Win or lose, he will be beard from again. Copyright 137, for The Telegram |