Chapter 29 5. The smoke of the 1912 general election

On Tuesday, the president of Princeton will be elected your Governor.He will not finish his term.In November, 1912, he would be elected President of the United States.In March, 1917, he would be re-elected president.He will be one of the greatest presidents in American history.1910 rupees.Vance's speech in New Jersey Vance, who later became President Wilson's close think tank, was able to accurately predict the results of the presidential election two years ago, and even six years later, not because he really had a magic crystal ball in his hand, but because of all the The results were precisely planned by the bankers in advance.

As expected by international bankers, the banking crisis of 1907 did shake American society greatly.People's anger at trust and investment companies, panic about bank failures, and fear of Wall Street's financial oligarchs were mixed together, and a powerful trend of public opinion against all financial monopoly swept across the country. President of Princeton University Woodrow.Wilson is a well-known activist against financial monopoly.Van Drip, president of the National City Bank of New York, once said: I wrote to invite Woodrow of Princeton.Wilson attended a dinner and gave a speech.To let him know that this was an important opportunity, I mentioned that Senator Olige would also be there and give a speech.I was taken aback by the answer of my friend Dr. Wilson, who refused to share the stage with Senator Olich.

Senator Olige was in power at the time, and he had a 40-year congressional career, of which 36 years were a senator, and he was also the chairman of the powerful Senate Finance Committee.Rockefeller's father-in-law had a close relationship with Wall Street banking.In 1908, he proposed that in an emergency, banks could issue currency collateralized by federal, state, and local government bonds and railroad bonds.There is such a good thing in the world, the risks are borne by the government and the people, and the benefits are all gained by the bankers, which makes people have to admire Wall Street's methods.Known as the Emergency Currency Act, the act became the legislative basis for the Federal Reserve Act five years later.He is considered by society to be the voice of Wall Street.

Woodrow.Wilson graduated from Princeton University in 1879, went to the University of Virginia to study law, and received a doctorate from Johns Hopkins University in 1886.In 1902 he became president of Princeton University.The pedantic Woodrow.Wilson has always been a high-profile opponent of financial monopoly, so he naturally refuses to get close to the spokesperson of the financial oligarchs.Academic proficiency and idealism cannot make up for his extreme lack of knowledge in the financial industry, let alone the money-making skills of Wall Street bankers. The bankers took a fancy to Wilson's simplicity and easy-to-use characteristics, and he was also recognized by the society as a famous anti-financial monopoly activist. His image was fresh and pleasant, which was really a rare gem in the rough.The bankers are ready to invest a lot of money in him, carefully crafted for great use.

Coincidentally, Cleveland, director of the National City Bank of New York.Dodge was Wilson's college classmate in Princeton. Wilson was able to successfully become the president of Princeton in 1902 because of the help of Dodge, who was rich and powerful.With this deep relationship, Dodge, under the planning of the bankers, began to spread the word on Wall Street that Wilson was a piece of material for the presidency. It is natural for a principal who has only been in office for a few years to be suddenly praised as the material for the president.Of course, there is always a price to be paid for being popular, and Wilson began to stick with Wall Street behind his back.Sure enough, Wilson was quickly elected governor of New Jersey in 1910 with the support of Wall Street elders.

In public, Wilson still sternly criticized the financial monopoly of Wall Street, but in private he also understood that his status and political future depended entirely on the influence of bankers.The bankers were surprisingly tolerant and restrained in Wilson's attacks, and the two sides maintained a subtle and inexpressible tacit understanding. While Wilson's reputation was growing, bankers were busy raising funds for his presidential campaign.Dodge set up a fundraising office for Wilson at 42 Broadway in New York, and established a bank account. Dodge donated the first check for $1,000.Soon, Dodge quickly collected a large amount of funds from the circle of bankers through direct mail, and two-thirds of the funds came from seven Wall Street bankers.

Wilson was overwhelmed with excitement after being nominated for President, and he wrote to Dodge that he could not imagine my joy.Since then, Wilson has completely thrown himself into the arms of bankers.As the candidate of the Democratic Party, Wilson pins great hopes on the Democratic Party. The Democratic Party, which has lost the presidency for many years, is as hungry for power as Wilson. Wilson challenged the incumbent President Taft. Compared with Wilson, who was still unknown in the country at the time, Taft had a great advantage.Just when Taft, who was full of ambitions and preparing to take office as the second president, said that he was not going to give the green light to the Olich Act, an unprecedented strange thing happened. Taft's former president, Roosevelt Sr. To participate in the presidential election again, it is really bad news for the successor chosen by the old Roosevelt himself and Taft, who is also a Republican.The old Roosevelt became famous for forcing the disintegration of Northern Securities and enjoyed the reputation of being relentless in antitrust. His sudden appearance will seriously erode Taft's votes.

In fact, all three candidates are backed by bankers, but among the three they secretly favor Wilson, who is the most controllable.Under the arrangement of Wall Street, the old Roosevelt really accidentally hit Taft hard, so that Wilson was successfully elected.This scene is similar to that in 1992 when Bush Sr. lost a large number of votes to Perry and unexpectedly lost to novice Clinton.