Page:Jay Lovestone - What's What About Coolidge.pdf/5

 Oil Co., United States Rubber Co., and at least a dozen other banks, insurance, trust, and 'public utility corporations

"As for Coolidge, I think also the choice is excellent. He lends great strength to the ticket, and I think it a pity that a greater responsibility does not fall to the office of the Vice-Presidency with such a man nominated."

Alvin W. Krech, President of the Equitable Turst Co., 37 Wall Street, New York, and a director or officer of a least twenty-eight more banking, ice, coal, railway, lumber, iron, cotton oil, and power lighting corporations; and Mr. Walter E. Frew, President of the Corn Exchange Bank, 13 William Street, New York, and a director or officer of at least eleven more banking, land, soap and insurance corporations, were among the first to express great pleasure at Coolidge's being on the Republican ticket.

Closely associated with these men in business are such finance and industrial magnates as Walter C. Teagle, President of the Standard Oil Co. of New Jersey, Paul D. Cravath, Otto H. Kahn, Fredrick R. Coudert, Edward R. Stettinius, T. W. Lamont, Frank A. Vanderlip, and J. Pierpont Morgan.

Now that Coolidge is President, the big bankers and industrial magnates are lauding him to the heavens. The Wall Street Journal has recently said that "Calvin Coolidge is considered a sound and conservative man." Chairman Robert S. Lovell of the Union Pacific Railroad and director of at least twenty-five more banking, railway, and steamship corporations has said: "The country is extremely fortunate in having such a clear-thinking, level-headed man as Mr. Coolidge, who stepped into the office in such a great emergency." Also, Elbert H. Gary has rushed in to pat Coolidge on the back with a statement the the new President "has demonstrated on many conspicuous occasions that he is alive to the financial, commercial, and industrial needs of the country, and that he stands for protection of property and welfare of individuals alike."

And when he was less than three weeks in office, President Coolidge had an official tete-a-tete with such overlords of industry and finance as: Julius H. Barnes, President of the United States Chamber of Commerce. A. C. Bedford of the Standard Oil Co. of New Jersey, Lewis E. Pierson, President of the Irving Bank, Columbia Trust Co. of New York, Chas. E. Weed, Vice-President of the First National Bank of Boston, Willis H. Booth, Vice-President of the Guarantee Trust Co. of New York and F. J. Kent, President of the Bankers Trust Co. of New York.

That Coolidge is a dyed-in-the-wool out and out reactionary evident from his following words and deeds: