The daily banner., 1919-07-01
SEES WALL ST.
ASLEAGUEB BACKER
BOrah Vigorously Attacks the
Financial Interests.
MORGAN FIRM PROPAGANOISTS

Idaho Senator Declares He Will Re
veal Hypocrisy of Men Whom
"Name of ex-President Cannot Pro-
tect."
Washington, July 1.-SenatOr Borah,
Republican, Idaho, charged in the sem
ate that Thomas w. Lamont, repre-
senting the Morgan interests, had pur-
chased the New York Evening Post
for the purpose of using it in connec-
ton with propaganda in favor OF the
league of nations.
Borah declared that before the de-
bate on the league closed he would
show that big financial interests were
in conclave to exploit the natural re-
sources of Europe and have the Unit
ed States underwrite the investment
"The mask of hypocrisy will be torn
off," he said, 'and even the sacred
name of an ex-president cannot be
used to protect the men who propose
to sell out this country"
The Idaho senator read from pub
IlCdllOu 'Ol IIlC ACdSuC " A1AAOAN~
Peace a statement that three-fourths
of the contributions to that organiza-
ton came from business men, and said
while the name of Kuhn, Loeb & Co.,
was not among the concerns mentioned
he had evidence that it should be
there.
Reading a letter which he said had
been sent to agents of the league, urg-
ing that kilograms and representatives
be sent to Washington to aid in inftu-
encing senatorial opinion, Senator Bo-
rah .Said
''Yet these people are determined
that there shall be no popular vote
upon this proposition while they or
ganize for the purpose of having GER
tain influential gentlemen come here
to confer with senators and create
false impression"
The petition signed by a number of
prominent New York Republicans, urg-
ing ratification of the treaty, including
the league covenant, Borah fatty
charged, twas written and formulated
at 40 Wall street, and the men who
wrote it and most of the men who
signed it were bankers and their at
torneys."
He further charged that the 'pow-
erful banking interests seemingly are
organized for the purpose of putting
across this treaty." and quoted state
ments from overseas to the effect that
international banking interests had
dominated the treaty conference so
far as matters in which they were in
terested were concerned.
The league of nations was attacked
by Senator Fall, Republican, New
Mexico, as a proposal to scrap the
the American constitution, and was de-
Tended by Senator Gerry, Democrat, Of
Rhode Island, as a necessity to pro-
tect American rights.
Mr. Fall, member of the foreign
relations committee, described the
treaty with Germany as not treaty
of peace, but treaty of alliance, and
asserted he could not vs,zs s.ssi IL II
without violating his oath Of office
''By ratifying the treaty and league
of nations covenant" said Senator
Fall, "we make a scrap of paper of
the Declaration of independence and
brand it's signers as falsifiers. The
adoption of the treaty with or without
the covenant marks an entire reversal
of the policy of this country in foreign
affairs, to say nothing of its limita-
tions upon our municipal law.
''We went to war with Germany be-
cause of specific acts Of war of Ger
many against us; we INDUCED with
President Wilson, in the hope that
peace might bring conditions which
would make for the betterment of
mankind and render wars less likely
to occur.
'The president holds no commits
sion from the people emitting him to
form or join in creating or forming
another government. Attempt to rati-
fly any such act by the state would in
my judgment be a violation of the
senatorial sworn duty"
The New Mexico senator declared !
the league covenant undoubtedly would |
apair national sovereignty.