U.S. PRESIDENCY

Dominion, Volume 21, Issue 194, 18 May 1928, Page 9

U.S. PRESIDENCY

ONLY ONE MAN WITH CHANCE

OF BEATING SMITH'

WILL COOLIDGE LISTEN TO ”ARTY S CALL? (United Pi'ess Association.—By Electric Telegraph.—Copyright.) (Australian I’ress Association.) (Rec. May 17, 5.5 p.m.) New York, May IG. The financial editor of the “Morning World” comments:-—“Deep down in, its boots Wall Street believes that there is only one man who has a Chinaman's chance to defeat Governor Smith, and they are very doubtful about that, too. That is a true story about the Mellon talk and the reappearance of Coolidge's silhouette on the political screen. The truth is. as Wall Street knows, that Mrs. Coolidge does not want him to run. She has had all she wants of the White House, and is very anxious to return to the simple home life in Massachusetts, and the President feels that way too. Yet the street has a lingering hope that he may yield to the belief that it is his duty to the party to accept nomination if it is thrust upon hint? irrespective of his own views and those of the first lady in the land. There may not be the slightest reason why Wall Street should indulge this hope, but it must not be forgotten that imagination is one of the vivid forces furnishing impulse in this market.”

FINANCIAL SUPPORT FOR

SMITH

(Rec. May 17, 5.5 p.m.)

Washington, May 16.

Four millionaire supporters of Smith told the Presidential Expenditures Committee that the only limitation to future contributions to Smith's campaign would be their capacity to keep on giving. Their combined fortunes are worth at least a hundred millions. They stated that they would back him for all they had. “All he's got to do is say he wants it.” They stated that they wished no compensation in the event of Smith being elected. It was apparent this assurance greatly amused the committee. They added that they made the donations only because of long friendship with Smith. William Kenny donated 70.000 dollars, part of which was reported to be a loan, but Kenny stated that he gave the total sum and-will give more.