U.S. PRESIDENCY

Hawera Star, Volume XLVII, 17 May 1928, Page 5

U.S. PRESIDENCY

I GOVERNOR SMITH’S CHANCES. WALL STREET’S HOPES. MR: COOLIDGE AND NOMINATION. (UNITED PRESS ASSOCIATION—BY ELECTRK TELEGRAPH—COPYRIGHT.) r (AUSTRALIAN PRESS ASSOCIATION.) Received 10.20 a.ni. to-day. NEW YORK, May 16. 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 China, man’s chance of defeating Governor Smith, and they arc very doubtful about that too. What is the true story about the Meldon talk and the reappearance of Mr. Collidge’s silhouette on the political screen? The truth is, as Wall Street knows, that Mrs. Coalidge does not want him to run; she has had all she wants of White House and she 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 his party to accept nomination if thrust upon him, irrespective ■of his own views and those of the first lady in the land.

There may not be'the slightest reason for Wall 'Street to indulge in this hope, but it must not be forgotten that, imagination, is ~one of the-, viyid forces to (furnish an impulse to this market. ’ ’