The sun., 1919-06-12

outside Of banking circles, Them
''fes.'
"Mr. Lamont ID owner OF the New
York Evsnino Post, is he notT'
''He is. J. p. Morgan 4 Co. have no
interest in IT,"
what Is the relation OF J. r. Morgan
q Co. to the British Government at the
present time in a business wayY'
1--WE make payments for them on con-
tracts that have been made in this coun-
try. We were purchasing agents for
them After we entered the war We
asked to be relieved Of purchasing for
then, because we did not want to have re-
lations with any other Government that
might conf,,o, with our own. and they
organizsa tbeir nvn t,iirchas sing bureau
here"
.
why "'"'
'Why did you send the copy to Mr..
Root?"
in The contdencs n, The American mis-.
s,on hia opinion had been sought and
.oive, ana tno,,ybt a would ha inter.
ss,,ns 70 him
,.yo,, fsit a na.,,i,ar ,ntsrsst In tpis
trs,tv asida iron, the intere.t ~ tbe
ord,na.,, citi,Art ~
ayss,,
~.
"Mr gav,son who bss i,,st bssn m
81. .t.na - - -, ,,o,,s M r,nars D.,
ne GS ''e'
a'a ..va nc ;, r.,,iss Ne N,~uan
.sts Il,,,,,.t Siar.n., "a ~. -.
o.t 80 aisn9 %,
i've s,"
"Mr Iamont 10 ma n, tho od,,sors
IT, .,.s.a $50. ~. 49, az. o.,
VI .. ,Ie q, es 49, ah,ss,1 a. 81
po.as Es.a...,s,,,au as,.,.,i,. a. iTs,tns
So. r.na.,,s'. ,,ass..a1,
''s ss,,ii@ ~, NJ" ~ ,,
.hdv,s,ne then, an n,ost,nns ,he,, s.,,
.n ."e S =" au 40 q my s..,I asn
nm! nm. ! uo no. snoW VIVA. ne 10 ausls,ns
.ne,n On. unIers'anu ne 70 a nleih .,
~ S'e i VI .o
Ne. .,n a. e -
" 100, e - "ns:
:. 10 1,t NJ. nnow y, wn1 '"e o'"e' ''ieihoer
To- '"ioe
Uninformcd as to Bnruch.
.Wbat nos,t,on docs Mr.. Rarucb hold
over there ?" asked Senator Borah
~ do not know"
DO you know that he Is in PARISH
az oo NOT hno", he was.
10 YOU Know WIN. ous 81, cohnec-
''ons ne mas IN Ne" 1orR'
Mr' Paruch' 40 not know ABOUT
ms business connexions III new iork;
ou nave ho' seeh q copy Oh TINS
're e !,
No. no
rave you nearu OF copies OF the
treaty IN New forRE
only Just the general talk"
Mr.. Lamont mas not severed his re-
iauonship Win your Hrm IN new fork!'
NO SIT.
lou nearu me statement OF Mr..
lawson u, resatu 10 tne nhancial situa-
tion anu tne lnteres, you Ieei IN the
SITUATION ior .he reason OF conuitlons
tnat no" eohi'oh' U.S. 10 you agree
win MN ,.
.1 n..,Is. .,.. ..... 4,
p.v eeay me- e., es'eu III
ms s''ua.Th men oi COURSE
80. 'acn a We ae '"'eres'eu IN
w. anaa.,aI sr..,
1900. ae noe III
t,nna,o" 'u arc
"%a N,,, 7 us Ait.
defsrr. ~ Amsr,ca and ,ho h,nar,oan
trade situation" said NJ Morpan
,.
Naturally. therefore. you would have
greater interest in the terms of this
treaty."
Yes"
II am not seeking to get anything ex-
cept the substantial fact In accord with
Mr.. Davison's position that as a financier
and a banker you feel a keen interest
in the situation which may be superin-
duced by the treaty."
Very much So" declared Mr.. Morgan.
Senator Hitchcock took the witnessi
ais that for the reason that America
can sell goods TO Europe only on condl-
ton that the financial interests and
oahkhs houses OF AineIica assiSt III ar
,,s l's S'eus ne usneu' va. l..
ieans ian oniS SCI 70 hutVpe a
.nes oan &c. ps,a LOT wn1 ~ 'ney ser, a sna
that pashe,a mas sot 10 oe arranged tor
until they pegln 10 produce SAID MI
Morgan, Inere mas sot 10 De time
arranged TOT between the time they De-
sin 10 produce ana tne tllne 'hey peslh
TO SEND goods over mere: Ihat mas got 10
De arranged win the banking interests
all over the country.
The nnancial interests OF the United
states have got TO assist In financing the
sale OF goods to Europe They hay.
neither the goods nor products with
which to pay
They have nothing with which to
pay"
Mr.. Morgan, are the securities or
those European countries which are now
IN trouble held In this country" asked
Senator Borah.
There are considerable amounts of
British. French and Italian securities
held by the American Government SIX
billions and some nine hundred odd mil.
nons ana mere are some brltisn anu
frencn securities ana certain amount
OF Italian Out not mucn' repi'ed MT
3hoI6dH.