Battle Lines Forming For Vital Showdown On Foreign Program
Battle Lines Forming For Vital Showdown On Foreign Program WITH THE new and momentous session of Congress less than two weeks away, battle lines were forming this week for an historic showdown over...
...Washington observers interpreted the plea for help "on the sea" as diplomatic language for requesting American naval convoys for British shipping in the submarine zone—a step which even the most rabid interventionists concede will take the United States a long way down the road to war...
...George Gallup's American Institute of Public Opinion revealed...
...It is the people who pay for the wars...
...State Wins Right To Dividend Tax In Spite Of Heil The refusal of the attorney general's department of Wisconsin to pay attention to Gov...
...Henry R. Luce of the publishing fortune, and Howard Hughes, wealthy oil man and movie producer...
...The list also contains the names of such movie and stage personalities as Maxwell Anderson, Fred Astaire, Samuel Goldwyn, Kather-ine Hepburn, Myrna Loy, Paul Muni, Robert E. Sherwood, and Douglas Fairbanks, Jr...
...Averill Harriman of the railroad riches...
...High Court Extends U. S. Power Control In a 6 to 2 decision this week the United States Supreme court extended power of the federal government to regulate the nation's hydro-electric resources...
...Federal Loan Administrator Jesse Jones said that nothing would be done before the ''administration gets back"—this was just before the President's return—and when asked whether something would happen then, Jones quipped: "Something usually does, doesn't it...
...j Pressure for outright gifts to England, instead of loans, was becoming stronger...
...Powerful International . Bankers Finance White Committee's Propaganda REPRESENTATIVES of some of the most powerful firmi of international bankers in the United States are listec among the 200 contributors who have financed the interven tionist newspaper propaganda of William Allen White's Com mittee to Defend America By Aiding the Allies...
...The North Dakota non-interventionist said he thought the pressure of public opinion would force a Congressional showdown on the resolution, and Capper contended $iat if the amendment could be placed before the people for ratification, it would be adopted without doubt...
...The name of J. P. Morgan himself does not appear on this list, but officials of the White Committee have admitted that he made the first contribution to the group when it was just being organized...
...Daniel Guggenheim of the copper fortune, Mrs...
...Rush Holt, Wes Virginia Democrat, revealed that high-ranking officials of J. P. Morgan & Company, Lehman Brothers, and Kuhn-Loeb & Company, have helped finance the most warlike of the interventionist groups...
...In addition to the $2,000,000 in past taxes which now become payable, the state will collect about $1,250,000 a year in revenues as a result of the court's ruling...
...Joseph A. Thomas, a partner of Lehman Brothers...
...Heil yielded the state government $2,000,000 in cold cash this week as a result of a United States Supreme Court decision...
...Battle Lines Forming For Vital Showdown On Foreign Program WITH THE new and momentous session of Congress less than two weeks away, battle lines were forming this week for an historic showdown over American foreign policy whose consequences may well decide the basic issue of peace and war for this country...
...It passed both houses of Congress through the combined efforts of reactionary Democrats and Republicans, squeeking through the Senate by only a two-vote margin...
...Andrew J. May, Kentucky Democrat and chairman of the House Military Affairs Committee, announced th^t he would sponsor the bill to wipe out the prohibition against loans to nations which have defaulted on their debts...
...One of the corporations which will now have to pay additional taxes is the Heil Investment Company, the governor's personal holding company which was incorporated in Delaware...
...It is the people who fight the wars," he said...
...Alf M. Landon, Republican presidential candidate in 1936, advocated such a move, and Mrs...
...Other millionaire contributors were Mrs...
...The official list of contributors, placed in the records o: the United States Senate last week by Sen...
...Holt said his list of contributors is precisely the same as the list filed officially with the State Department and which that agency has refused to make public...
...William Hale Harkness of Standard Oil millions...
...That the campaign for repeal of the Johnson Act is well-organized was indicated when Rep...
...Irrespective of any interpretations any lawyers might giVe (on the Treasury's power to make loans without specific authorization from Congress), I certainly would not be a party to any loan to Great Britain or any other country coming under the Johnson Act, without the direc-i tion of Congress," Morgenthau had [ said earlier in the week...
...Francis D. Cheney, sister of Partner Davison...
...Under terms of the proposed resolution, American troops could be used for defense against invasion and for hemisphere defense without the affirmative vote of the people...
...Such help, he said, would ensure British victory by or in 1942 against "the gangster menace to human freedom...
...Nye announced that a "substantial number" of senators would join in sponsoring the proposal, and Capper declared that more than 20 would sign it before introduction...
...The measure, which would place federal agencies in a straight jacket by subjecting all of their findings of fact to judicial determination, has been opposed by the New Deal from the beginning...
...Topping the list of international bankers contributing to the White comittee's fund for newspaper advertising was Thomas S. Lamont, partner and son of a partner of J. P. Morgan & Company, the firm which was Great Britain's financial agent in the United States during the World War...
...The imminence of far-reaching decisions was seen when high government officials disclosed that the British government has made formal application for American financial assistance...
...There is nothing in the proposed referendum that would hinder immediate action in a war of self defense...
...If England should be defeated, it means that we, in reality, would be fighting the battle now shouldered by Great Britain...
...It became apparent that even before loans or gifts can become a reality, the British are pressing forward to demands beyond that...
...England, in effect, is fighting our battle...
...H. P. Davison, wife of a Morgan partner, and Mrs...
...Other Morgan personalities contributing were Mrs...
...The late Marquess of Lothian, British ambassador to the United States until sudden death cut short his long career last week, urged the United States to help keep the sea lanes open to Europe...
...It is the people who should decide if we are to have wars...
...Nation Opposes Plan To Lift Shipping Ban Sixty per cent of the nation's population opposes amendment of the Neutrality Act to permit American ships to carry war supplies to Great Britain, a recent poll by Dr...
...When the Wisconsin supreme court invalidated the tax by a 6 to 1 vote, Heil tried to discourage the state's attorneys from carrying an appeal to the federal high court, but the attorneys ignored him...
...Thomas Hitchcock, wife of the famous polo player, who is a Lehman partner, and Frederick Warburg, a member of the well-known banking family...
...In an address read for him before the convention of the American Farm Bureau Federation at Baltimore, Lord Lothian asked for American help "in aeroplanes, munitions, in ships, and on the sea, and in the field of finance now being discussed between your treasury and ours...
...Robert Taft, Ohio Republican, said he favored secured loans, but failing such a possibility, he preferred outright gifts to unsecured loans...
...The decision, written by Justice Reed, upholds the licensing authority of the government, sustains its recapture rights, and defines its authority over the nation's streams as being "as broad of the needs of commerce...
...Sen...
...By a 5 to 4 vote, the court upheld the validity of Wisconsin's tax on the dividends of out-of-state corporations doing business in the state...
...John Schiff, whose family has long played a dominating role in the affairs of Kuhn-Loeb & Company...
...Announcement of the British plea was made, ironically enough, on the very day that Britain's semi-annual installment of §127,670,765 became due on its $5,651,792,208 World War debt, long in default...
...Gerald P. Nye, North Dakota, and Arthur Capper, Kansas, both Republicans...
...Eleanor Roosevelt, the Presidents wife, endorsed the proposal...
...Nye And Capper Pledge Fight For WarReferendum A new and vigorous fight for enactment of a constitutional amendment prohibiting the dispatch of American troops overseas i without the approval of the people in a national referendum was pledged this week by Sens...
...Among the other banking names on the list of contributors were Mrs...
...Walter-Logan Plan Is Doomed Certain presidential veto of the Walter-Logan bill was expected this week following President Roosevelt's return from a 3,000 mile cruise through the Caribbean...
...Morgenthau did reiterate what he had said earlier in the week regarding the need for congressional sanction for any financial assistance...
...Secretary of the- Treasury Henry Morgenthau, Jr., refused to comment on the British application, referring ques-j tioners to the President who had just returned from his cruise in Latin American waters...
...Both President Roosevelt and Secretary of State Cordell Hull opposed the resolution when it was pending in the House last spring...
Vol. 4 • December 1940 • No. 51
