The Waterbury Democrat., 1936-01-07
Morgan Put Blame !,
 Upon Gerndn Nation
toontinued from Page l)

rom FaBe ID
 bring complete destruction of the liberties of the rest of the world.
 Agreed To Help Allies
 We agreed that we should do all that was lawfully in our power to help the Allies win the war as soon as possible. That thought was the fundamental idea underlying ev- erything that we did from the bee ginning of the struggle till the Armistice in November, 1913.
 "As the weeks went on we ob- served the dif1culties of the allied governments, desiring to make pur- chases in this country, difhculties caused by host of responsible agents who held themselves out at agents for various manufacturers, and the idea occurred to the late II. P. Davison that If one of us were to SO to England 1t might be possible to show the British govern lnent an advantage to 1t in using our services in coordinating the acc tivities of It's purchasing depart- ments in this country.
 Agents For Britain
 "Davison went to London and after Q considerably prolonged dis- cussion with the government Q contract was drawn up imaknig us the purchasing agents for the Brit ish government on certain terms. This contract Is well known to the committee. The government might buy directly without using our serv- ices, ct It's option. This provided Q complete answer for the government to any criticism from outside that 1t had bound itself to one agent and had thereby lost the advantage of many agents.
 Tn the spring of 1915 went over to London to see that all was work. Ing satisfactorily. While there, M. Ribot, the then minister of finance of France, came on visit to the government. He sent for me and proposed that we should act for the French government as well as the British. On condition that the con- tract with the French government should be exactly similar to that with the British, and that any changes In the latter should auto. maticaily become part of the con- tract with the former; and also that any competition between the governments should be settled by them ct home, so that we might never be put in the position Of favoring either ct the others eX- pense, agreed.
 General Public Knows
 "The committee and general public are acquainted with the facts that for the British and French governments we ordered about 5000, 100000 of materials of different sorts. For our services during the life of the contract, we were paid the commission, of rough- ly one per cent which was stipu. lated, amounting to approximately $30,00o,0o0.
 "The agency agreements did not Involve any commitment on our part to furnish or to find the funds required to pay for the goods or. dered. The Allied governments sent over immense sums in gold and securities to meet their outlays here. When questions of obtaining credit arose, we were consulted and we helped our clients find the mon. cy when we beheved 1t could be done wisely and safely, but at no time were we committed to any guarantee that the money would be found for prompt payment. All questions of raising money to pay fo" materials ordered were taken up slngiy. I might say that subse- quent to the nglo-E'rench loan of october, 1915, there was collateral security for these loans.
 U. S. Couldn't Keep Out
 "When the U. s. A. came into the war 1t came in because Germany had made 1t impossible for tAc United States to refrain any longer. Germany drove the United States into the war by 6 series of insults and injuries, resulting in the loss of many American lives, any one of which injuries might have proved 6 cause for war had the U. s. not been SO desirous of maintaing peace.
 "But there are some things 1t is better to die for than to live with out, and Q nations self respect and independence are two of them, as our country has proved once or twice before in It's history. Ger. many, as I say, drove us into the war by a series of acts beginning with the sinking of the Lusitania and ending in the crowning insult of suggesting to Mexico to make war on us, promising 1t should have assistance and the surrender of Texas, Arizona and New Mexico as g reward. We certainty could not bear any more of such acts.
 "The fact that the Allies found us useful and valued our assistance in their task is the fact of which am most proud in all my busi- ness life of more than forty-five