Third Party Movement and 1948 Campaign
Possible Emergence of New Party Led by Wallace
Political developments pointing to the possible formation of a third party led by Henry A. Wallace are beginning to cause concern in Democratic councils, for an independent Wallace candidacy in 1948 probably would split the Democratic vote and assure the election of a Republican President. Talk of organizing a liberal third party increased sharply after Congress overrode President Truman's veto of the Taft-Hartley labor bill on June 23. A week before Congress acted on the labor bill veto, Wallace, whose name figures prominently in all third-party discussion, had wound up a nation-wide speaking tour in which he demonstrated substantial popular drawing power.
In his recent speeches and in articles for the New Republic,1 ...