The Smith-Raskob faction believe that such a frontal attack upon big business would be fatal Democratic hopes. The party has suffered in the past from the dis-of business interests and they] of believe that the present time, when the economic depression has vinced everybody that prosperity is not the exclusive property of the! Republican party, offers a glorious: lon portunity for' convincing the jeountry of the Democratic Party's fundamental economic orthodoxy. In fact, the economic aims of this croup might easily by endorsed by President Hoover himself. As out~ lined by Mr. Raskob they included removing the tari question from politics "where it ought never to and putting it in of a Tariff Commission of technical experts (Pres dent Hoover's Tari Commission have the power of recommending, changes of rates 5 per cent. either way under the existing Tariff Law), keeping the government out of busi ness as much as possible, removing some of the restrictions of the anti-Trust laws and establishing a five day week.
This split within the Democrat ranks has brought face to face two /men round whom Presidential hopes for 1932 are centred, Mr. Governor Franklin D. Rooseysit, Governor of New York, and Mr. Owen D. Young, Roosevelt is the hope of those who believe that the Democratic, campaign should be based on the ery Down with the Power Trust Mr. Owen D. Young who through his' connection with General Flectrio (he has been chairman of the Board since 1922) is himself part lof the power trust, is the candidate lof those who believe that the Demofetatic Party should make special efforts to reassure big business and should subordinate the Power issue to the Prohibition issue.
Governor Roosevelt is a wet, but since he. believes in making' the Power question the main issue he {is supported by the Southern drys fs the lesser of two evils, As long fas they do not, get a wet platform the "South "will tolerate a wet candidate, Senator Robinson himself not entirely out of the running as 4 dry Presidential candidate, while AY" Smith has not yet declared that he docs not choose to run. It is generally conceded, however, that
into lies "between Governor chies of Democratic can.
Text read from the printed page and cleaned; old type leaves the occasional error.