The Washington times., 1919-06-12
FIGHT LEAGUE
AS WALL ST.
PLOT TO RAISE
PRICES MUS.

An era Of high prices such as the
United States has never seen will be
ushered in by the adoption OF the
plan Of .world-fnancing outlined to
the Senate Foreign Relations Com
mittee by Wall Street bankers, Seha-
tors opposing the league of nations
predicted today.
They declared the frank statements
of Morgan, Vanderlip, and Dawson
in the "treaty leak" investigation
showed that Wall Street plans the
formation of the greatest trust in
history, to be underwritten by the
United States Government, and to
control not only the country's money
but its industry as never before.
The inevitable result of putting
into Wall Streets grip the whole
country's financial and industrial re-
sources, these Senators said, will be
the skyrocketing of prices of prac-
tically everything the people of this
country use.
Europe's Need To Be Excuse.
High prices, it was declared, will
be justified" on the grounds that
Europe's needs for raw materials,
machinery, and other American prod
ucts cause shortages in this country.
League opponents believe the
inanciers' statements to the commit
tee, in effect, are notice to the SEN
ate that Wall Street wants tho
League of Nations as a medium
through which its financing
plan may be carried out with a guar
antee against loss.
Senators asserted that the league
can be used to create profits for the
money barons by declaring necessity
exists in some country for American
financial aid.
To Speak on Leak" Testimony.
They are preparing to use the leak
investigation testimony freely in
speeches soon to be delivered in the
Senate in opposition to the league.
The leagues friends today said the
leak inquiry showed clearly that
Senator Borah's charge that New
York interests having "a peculiar in
terest" in the peace treaty had OBJ
tanned it were groUndless, and that
the bringing OF the text TO this coun-
try. by H. p. Dawson, partner, Of J. p.
Morgan and head Of. the International
Red Cross, was entirely proper"
1t IS Jfude termEned whether Che in
vestigation will go any further
Senator Hitchcock said today II
Borah has any more evidence. il Is
up TO him to produce it. Borah said
he was satisfied he had made his
point. which was that the treaty was
in New York, while denied the SEN
ate.
Take Up Knox Resolution.
The Foreign Relations Committee
today at a special meeting took up
the Knox resolution for a "rcserva-
ton" on the League of Nations.
Knox planned TO point out 10 the
the committee that Administration
charges that his measure is a plan
TO separate the treaty and covenant
are untrue. Knox maintains that sep
aration OF the two involve amend
ment Of the treaty, which would re-
quire il TO be submitted again TO the
peace conference. His plan. he said
Will not entail this and VIII. there
fore not delay the operation Of the
peace settlement.
Hitchcock Predicts Defeat.
Defeat for the resolution was pre-
dicted by Senator Hitchcock Of Ne
braska. and other Democratic Sena-
tors. after the Senate Foreign ReIa-
tions Committee shall have reported
Il favorabIy 10 the Senate by the slim
majority OF . 10 ;. by which the anti
league Senators control that COM
mittee.
A stormy session Of the committee
when il meets behind closed doors, 10
consider the resolution before the
Senate met was another prediction
made. Senator McCUmber of North
Dakota, the only one Of the ten Re
publican members Of the committee
who is an ayowed advocate Of the /