The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-09-22
MORROW LATEST
DOLLAR DIPLOMAT
TO MEXICO CITY
By LAWRENCE TODD.

WASHINGTON, (FP) Sept. 21.-
By his appointment Of Dwight Nor
row, partner in Morgan & Co., as am
bassador to Mexico, President Cool
idge has raised the question as to
how long he will retain Frank B. KEEL
logg as his secretary Of state. Press
correspondents, when they received
the announcement at the White
House, at once concluded that Nor
row had agreed to go to Mexico only
on condition that he should soon be
promoted to Kellogg's place.
Coolidge Overawed.
Morrow has been, next to Andrew
Mellon, the most influential adviser
Of Calvin Coolidge in the past four
years. He was the Presidents college
roommate, and his position as part
ner in the Morgan firm has COM
manded the awed respect which Cool
idge instinctively gives to great
wealth. The combination Of personal
friend and Morgan spokesman was,
from the Coolidge viewpoint, ideal.
Kellogg was made secretary Of
state after he had been given pre-
liminary experience as ambassador to
England. Morgan & Co. have been
fiscal agents for the British govern
ment, and are aligned against the in
dustrial interests, for whom Mellon
is spokesman, on the issue Of lower
tariffs for the sake of debt collec-
ton. The Morgan interest in Mexico,
however, is that of Mellon and the
other oil spectators. Hence Mellon
can raise no objection to a Morgan
ambassador in Mexico City.
Morgan and Co. Versus Europe.
But why should Morrow want to
be ambassador? Probably he does
not want the job; he will merely ac-
cept as a brief introduction to the
job of running the State Department,
He and his firm see economic storm
clouds gathering on the eastern sky
line. European commercial forces
are preparing for immediate struggle
to take European and Asiatic and
South American markets away from
American manufacturers. Morgan &
/ Co. will oppose any extreme retalia-
tory measures by American business
against Europe, because the Morgans
must collect on their foreign loans. To
have Morrow in the office Of Secre-
tary of State will be of the highest
importance.
The White House emphasizes the
resignation of Morrow from his part
nership in the Morgan firm. Friends
Of Morrow explain confidentially that
he is anxious to escape from "the
brand of Morgan & Co." in order that
he may crafty his personal taste
for political career. But the record
shows that he has not offered his
resignation to J. P Morgan in the
four years Of his close association
with the White House; he has waited
until assured Of a bigger role in
which he can serve his own group of
/ international bankers more directly.
Continues Morgan Dictatorship.
The Mexican phase has its interest
ing clements. Hitherto the Morgan
/ orders to Mexico have been delivered
/ by Thomas Lamont. 1t was Lamont
who dictated the terms under which
the Harding administration recog
nized the Obregon government. It
was Lamont who forced the issue as
to early resumption of payments of
interest on the national debt. Now a
presidential election is coming. in
which Obregon returns as radical
and liberal candidate. Morrow NAV
be able to influence the outcome of
that election, in his role as Spokesman
for the power of the American navy
and army.