The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-11-25
MINUTES OF \
MORGAN BANK
SHOW POWER
Secret Orders Issued
Thru Government
CONTINUED from page u

utes show how the international bank
ers can make or unmake nations,
change the policies of governments
and control the destinies of peoples.
The bankers who handle Chinese
bonds do the bossing The New York
minutes show that in Morgan's office
in the above named days in October
there met c. S. Adds, representing
the British banks; R. St. Pierre, rep
resenting French financiers; Fl. Ka-
shiwagi, of Japan, and Thomas w. La
mont of Morgan and company. La
mont was the chairman.
Wanted Chinese Bankers.
The minutes show that the Censor
tium desired to bring Chinese bankers
into the group the better to aid the
international banditti in the plumber
of China:
"The council reiterates its desire
to see the formation of an effective
Chinese group to be admitted as a
member of the consortium upon terms
of equality with the other banking
6AOuPo. lC OOnoOl Ilulu Chll6 lCp-
resentatives are to be instructed
forthwith to proceed with the discus
sion of the foregoing question with
such important members of the Chin
csc banking community as the Pek-
ing representatives consider appro-
pirate"
The minutes show that the bank
ers discussed how they should have
the governments handle the question
of the Chinese customs conference
They say:
'The meeting then proceeded to a
discussion of some phases of the
Chinese situation relating to the
finances which all necessarily form
part of the deliberations of the Gus
toms conference.
Good Offices.
ut was resolved that the councils
present views touching upon the
financial problems of the Chinese
government should be embodied in
the attached memorandum and that
the good offices Of the American
group be utilized in the transmission
Of said memorandum to the United
States department of state, with a re-
quest that the memorandum or a sum-
mary Of same should be forwarded in
confidence to the delegates of all four
governments at the forthcoming spe-
cial conference and to the group of
representatives at Picking, with the
expressed hope that the government
delegates be requested to keep the
group representatives Informed as far
as possible of developments, upon
question involved"
This was signed by Adds, St.
Pierre, Lamont and Kashiwigi.
The memorandum, which the min
utes say we're attached, gives in de-
tail the manner in. which the bank
ers expect the diplomats to handle
China. The fig-leaf of disayowal of
any political control is hung over the
naked control of the bankers in the
following words:
Properly" Bankers Business.
"The political questions in prospect
are quite outside the scope of the
consortium. The political situation in
China cannot, however, be treated by
itself. 1t involves financial considera-
tions which may properly be consider
ed to lie within the competence of a
consortium of bankers. 1t is to this
aspect of the question that the at
tention of the council is now direct
ed"
No Politics-But!
II does not claim that bankers
should have anything at all to do with
political affairs, but it instructs the
representatives of the imperialist
powers what questions to bring up,
and advices that-The Inauguration
of a m dern system of national ac-
counting would do much to assist this
meaning the adjustment of expend-
itures of the Chinese government.
Funding of the Chinese debt is TAX
en- up and then in paragraph six the
hint is given that the imperialist pow
ers work out plan in conference
with the Chinese government at Pek-
ing and some of the military Chin
ese provincial governors to suppress
the nationalist liberation upheaval. 1t
says:
Wants Canton Suppressed.
Recognizing the difficulty which
the Chinese government is experience
ing in exercising control thruout the
country and understanding the desir-
ability of security and the co-opera-
tion Of the provinces, the special con-
ference (of diplomats) may see fit to
suggest the institution OF discus.
sion to this end between the Chinese
government and the provinces"
There is evidence that the censor
has closed down on the proposal for
what particular measures this three
cornered conspiracy against the ma
tional liberation movement was going
to take. But the proof is certain that
the influence OF the bankers in China
is supreme--so far as is in their pow.