Word: j
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Dates: during 1930-1939
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...example: In November of 1916 the Federal Reserve Board warned American investors against taking the unsecured paper obligations of foreign governments. Virtually the only governments whose paper of that kind was involved were England and France, whose American agent, in their pay, was J. P. Morgan & Co. ... It was Morgan & Co. who suggested the way to destroy it [the warning] was for England to threaten to cease purchasing American goods...
...examination of the J. P. Morgan & Co., purchasing agents of Great Britain during the World War, we developed documentary evidence which explains the in evitable cablegram of Ambassador Page of March 5, 1917, which stated that ". . . I think that the pressure of this approaching crisis has gone beyond the ability of the Morgan financial agency for the British and French governments. Perhaps our going to war is the only way in which our present prominent trade position can be maintained and panic averted." Documents that explain why our Ambassador in London was placed in the position of extending that advice...
...than two years of intense public discussion, the U. S. Government, duly and recently elected by the U. S. people, decided to declare war. Many and complex were the causes leading to this decision made by the President and Congress. To hang any large part of the "blame" on J. P. Morgan & Co. seems to TIME to be first-class politics and third-rate history. TIME, Aug. 14, made a point of the fact that before the U. S. entered the War the House of Morgan was sentimentally and financially interested in helping the Allies to obtain loans...
...MICHAEL J. READY General Secretary...
THERON E. COFFIN East Orange, N. J...