New Britain herald., 1926-01-06
REED IN
A VIGOROUS DRIVE
At PAGAND|S7S
Declares Before Senate That
Foreign Powers Are Seeking
to Influence Foreign Policy
HOUSE COMMITTEE VOTES
AS COOLIDGE REQUESTS

Brings in Resolution Asking $50, 900
TO Pay Expenses of American Par
ticipation In Preliminary Disarma-
ment Confcrcnce-Senate Finance
Committee Takes Up Tax Proyi-
sions Today.
Washington, Jan. (P)--A resolu-
''on by Senator Reed, democrat Mis-
souri,. proposing investigation Of
propaganda" for acceptance of the
world court and the war debt settle
ments, was disapproved today by the
senate foreign relations committee.
senator Reed said he would at
tempt, however, to have the senate
itself act on the proposal.
The committee vote was 8 to s,
with senators Reed, Borah and
johnson voting for a favorable re-
port.
Speaks Before Senate.
Soon after the committee ad-
journed, Senator Reed got his reso-
luton before the senate and began
q speech in which lie declared that
the world court and the foreign
debt settlements had behind them
the most astonishing propaganda
this country and perhaps the world
has ever known"
An organization has emissaries in
every hamlet of the United States,
has sent out literature by the ton
and has paid agents going over the
United States to produce sentiment
iaVorlng the government going into
the league court" he said. Il be-
lieVe an equally organized efforts is
being made for the purpose of de-
coying the United States into debt
settlements for which Italy and 9TH
er countries stand.
Il want to know who is putting
up the money and what influence is
back of it."
Broadcasts Challenge
Il challenge any man to produce
a good and sufficient reason why
this resolution should not be laid be-
fore the senate. There are foreign
influences being exerted here.
Il want to know who originated
the argument on this side Of the
ocean for cancellation of the for
eign debts. | want to know If the
argument did not emanate from the
institutions which loaned large sums
OF money to Europe.
Il want to know whether we
have come to the point In this coun-
try that these international bankers
can use the United States for their
own enrichment and profit.
Il want to find out If it isn't
fact that gentlemen put forth the
propaganda to cancel the debt so
that their own securities may be
made more safe and they may reap
profits running into millions.
I'VE know practically nothing of
III" negotiations for the settlements
Of these debts. We are told that
Italy can pay no more than is pro-
posed unless she is to become bank
rupt. That's the story the Italians
told our commissioners, but what is
the story they told the international
bankers when they borrowed $780,
100000 from them?"
Senator Reed then read advertise
ment of the Italian loan saying that
he wanted to contrast "the stories
told the American commissioners
and the international bankers.
Senator Smoot. republican, Utah,
member of the American debt
funding commission, interrupted to
say that IT was never represented
that Italy was bankrupt, but that
bankruptcy would result II she had
10 pay five per cent interest on her
war debt. Senator Norris, Nebraska,
suggested that Italy then was bank
rupt. as any firm is bankrupt when
it cannot pay its debts.