The New York herald., 1922-08-05
calder OPPOSES INQUIRY SENATE PLANS

other Americans travelling abroad tha,
l year in getting out of Europe and was
put TO many Inconvenience in so doing.
4 Although he eventually arrived in
this country with a safe skin, Mr.. Mum
4 sey's Americanism, even at that time,
was of such thin veneer that when he
4 returned home, instead of being thankful
for his safe arrival, he proceeded to use
| the editorial columns of his paper TO
denounce the American Government for
! being so grossly negligent as To permit
| so great an American as he TO have been
! inconvenienced and disconnected by a
worldwide upheaval. 1t was commonly
reported in banking circles in 1912, 1913
and 1914 that Mr.. Munsey upon his re-
! turn from Europe each of those years
brought with him hundreds of thousands
of dollars worth of Austrian Government
bonds. part of which he attempted TO
sell to his friends and acquaintance. A
greater part, however, he was supposed
to have kept because he regarded them
Leaves 1t to the People.
Mr.. President. win leave the people
| to pass upon the actions of an American
who invests vast sums in foreign prop
| critics; who takes the money he earns
| from American people and places ii in
! factories, mines farms and other in
dustries abroad for the purpose OF build
Ing up foreign countries. and adding to
their prosperity. while at the same time
exploiting their poorly paid labor he Is
able to reap extortionate profits but 1t
Is certainly in poor grace for such a
one TO criticize through columns of news
papers which he owns those Americans
who have accumulated properties in this
country and who have invested what
properties they have legitimately earned
In American enterprises which build up
America.
Mr.. President. in view of Mr.. Mum
sey's great newspaper holdings in
America and his efforts to. prejudice
public opinion against American legisla-
tion in the interest of his foreign in
vestments the people Of the United
States have a right to know all the
facts relating to Mr.. Munsey's foreign
holdings in European industries. stocks,
bonds and other securities. IL the Sem
astors who have stood for protection to
American industries and American labor
are to be blackmailed in the interest of
Mr.. Munsey's foreign Investments, then,
l want to know about it.
"Mr. President, let us examine
further the attitude OF THE NEW YORK
HERALD. This newspaper is frequently
referred to. as Republican newspaper
II has consistently and persistently
fought any legislation by this Congress
which was in the interests OF this coun-
try whenever American interests came
into conflict with foreign interests. The
manag ging editor of THE NEW YORK
HERALD is a Democrat. He was trained
and educated in the principles OF the
Democratic party by the late Joseph
Pulitzer. He spent the greater part of
his newspaper career as the managing
editor of the New York World. About
two years ago Mr.. Charles NJ. Lincoln
left the World to direct the policy of
THE NEW YORK HERALD for Mr.. Munsey
He is now the managing editor of that
newspaper.
"The Washington correspondent OF
THE NEW YORK HERALD. Mr.. Louis
Seibold. was like Mr.. Lincoln. schooled
in the principles of the Democratic party
by the late Joseph Pulitzer. He was
for many years the Washington repre-
sentative of the New York World. Dur
ing the last two years he has been in
charge of the Washington Bureau OF
THE NEW YORK HERALD.
Thus the two responsible officials of
THE NEW YORK HERALD who are in
charge of its political news and policies
are dyed in the wool Democrats. who
have always, been. and always will be the
willing agents of the Democratic party.
"New York Herald" often Quoted.
Il heard with more than passing In
terest the eulogy passed upon Mr.. Sci
bold on the floor OF the Senate yester-
day BY the distinguished Senators from
North Carolina, who pronounced Mr..
Seibold one OF the greatest writers in
America. This is the opinion of all
Democrats. Under the direction OF Mr..
Seibold and Mr.. Lincoln THE New YORK
HERALD has been definitely aligned
against the Republican party and the
Republican Administration for more
than a year. The tariff is not the only
administrative policy which THE New