The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-24
Morgan S Task
Not Official.
BY DAVID LAwBHNCB
(Cop. right - The lntelltgencer)


States Soyornmcnt has another rather
delicate pr"b.cm 20 solve IN connection
With the invitation extended personally
TO j. T. Norsan to re q member OF
sub committee OF bankers selected ey
tls rcparalious commission 10 Ket ad-
VICE on the subject Of An International
.vaa.
America IS not officially represented
on the reparat!cus commission though
President Harding - hcpsnE congress
VIII give him Lhe power TO mAAe suca
an appointment. The committee OF oan
hers Is IN q sense An unofficial oodE ana
ranrot oS course commit tho o'Neu
States government even though prom
lpsut ard ,utlus utial American oanANf
shall cUrcur n the deciScnS OF 'ne
committee and the commission itsei,
But In vtew of the expressed po'ic! y!
President Harding and Secletary o.
State Hughes requesting American ncn's
70 consult the government here oeiore
agreeing to any doauou or roreisu
loans. Mr.. Morgan IS morally oouho 70
ask tho consent OF the depaTtIuei' %
state Rather tho question WI! pe
~hether the department OF state mas
any objection 10 his acceptance VI CIV
invitation extended 70 hlm-1or u'o
royernnent Will not be IN the posiooo
=, .nn,oyinx or disapprovtnE Mr.. Nor
rams task en- the eonmlttes Oh sAh'oN
hank$9h
Norr~n's arm loaned largo runs o!
money to the allies bsfors the ona'eo
states entarsd the var. and has MA.
NAL solicitude concerning the 1utufe OF
European fnanceS and especially Hne
naymants OF German repsrauon money
Tha Morxsn arm has tioatsd Its loans
amonx thousands OF American inSee'o4s
and Ia az anxious as private nfh S<>N
be that repayment be made on tne pr
cIn,l and interest 10 duo time Alef
~. Morrans ceased financing srlnsn
.ra Eranch purchases in America t'c
TTnit.d States government eateoueu
s..nv nanious OF dollar, OF credit 10
". sI,t.x LOO. 50 tho Morgsn's on inc
an. band and the American Yorernhen.
=. .h. othsr arc inevitably concelneo
1I,n mai roos on IN the reparstlons
sommtsxion whore the prioriues on pay
want. from Germany to the sl4ies
d.t,rminsd. To s.certain extent .he -"
,.rest. OF tho private oanSnS ns.
] p Morgan and the ouseo
xoysrnrpent are tdsntcA'
to ses Europe reconstruc|o 20 sa MT
O h. paid With interest. but
=. T. No,zan attends tho meeting Oh
- h.nker. he uill 80 as prNH
80. ana with tho task only OF !o"N
,.S,, Gov possible effects on tae rep~s
=, nriyats loans--hs Wall not %
ssc,r,d 20 concern himself ViNn Ino
O., ~ separation ps ynente on
can government loans.
Amsr1eau Commission
hao aODOlQted 6uu
,onnrned by the senate an - dsht
,is.Ion 70 fund the allied oeo.'
49,. l,o,,rn mission, however. can 90 no
,h,n mako definite arrangements
-. esn navment OF principal ano me-
"a, over a period oe years. IL na
aon,sr or influence that can oe
- 5Srertion OF making tho aI'eS
.,,,arI .,. ,ledses they Will ~rhe oor
-, they agree 20 these tutule
.,nrts Although the United sates ha'
otsc,, lly declined 70 acn't 'nat
want. by Germany to the a",ES
b,3 or viii have anything 20 90 WV.
ma ,,~,Hon4 %, the allies 20 repay
- T',,,.d S,a,esh nooody IN o'1''d
..rz - blind 70 the fact that SUN
t,o,shir exists Thats wnF 'he
.,+ ,or American official rcp'e-
,o.Ior n, r.. reparat;"ns cnn'm's-
IT,, has bee, growing III the eNeH",iNs
sr.,cb % the government lne A''E'
~. rs,dy and willing 20 STant mo jus
-. ~ American claims as was eN'
s....d IN their concurrence on the >u'
I.., a, +hs eap-nssT for n. rneinten-
80. ~ the American army o. ""~upa-
,to, a., ths Rhine. Eut the 7aratloos
.o,r,issicn alone can determine "aen
,so<n cIa,rrs against Germany shall ne
aId-In other words. who shall set the
49, G.rrnan Payments. and tho secou"
- co an Prioritlss are constantly
s.,,s changed and thus FAR AmerlHa
~, No. taken advantage o. her oppor-
,,,,Itr 70 e1p-eSs nor viewpoint necauSe
- tsar that membership on the rcpa-
.Ia,s commission would mean pol't'
-, 5t,+u-bsore IN the United states
-. rh, rroara,tons commission
voro step further by asking
~ ,rost tnnuortlal private barker IN
.-.-lcs m at wt'h the commission. II
.. believed here .hat 'he invitation -
,ot d,spleasirr 20 ta- MorGarS and 'hat
,1;s,ds OF Ito American banking nouSe
Leaa ,ar have brouEh' about The
,a;, ~ rho !nyitat'on.> As Tho s.fua-
.,s,ds now. tho Morgan firm !s in
,,.- oosition - protert - loans
- -. ,,v.s,n-s tNan e = we're out
, -. doors % trs rA7ara:'oT COM
,.,.io, Tho onn<t'nn a nhethsr tho
T--..eS S,o.es government. vh!''T ga ned
- ,r-,ss rro-s 80 ,he American reo-
,ro,,y w rn-get ro'iciSa, hLSs =
-. =. nn-,s and 20 inside 80 door ~
No -ere-s,:ons commission THeT. the
,.,.h-s+-irz % America has been c7en
cor nearly three wears