The people's voice. [volume] (Helena, Mont.) 1939-1969, 1940-08-21
FROM EDITORIAL COLUMNS
Morgan Network Controls Spending

Morgan Network controls opendlnG
History repeats itself In Wilson ap-
pointed Advisory Commission 1t will interest to
compare this commission with the operating
Here they Chairman Bernard M Baruch Wall Street
broker James A. Farrell president u s. Steel Corp; Alex
ander Legge International Harvester Co.; Daniel Willard
president O. railroad Julius Rosenwald Sears Roebuck
Co.. Walter Clifford then vice president (now presiden
American Telephone Telegraph Herbert Bayard Swope
brother president General Electric Clarence Dillon
of Dillon Reed Co.. Ebert H. Gray chairman of the board
of S. Steel and John D. Ryan, president Anaconda Copper
Mining Co.
"dollar-ayear" spent thirty billion dollars
the American peoples 1t is estimated that one-haf
corporations.
This soapbox Indictment Congressional committees
have made the serious charge of dollar treason House
committee headed by Rep William j. Graham of Illinois
Senate committee made of Senators Nye, Bone, George
Clark Pope Vandenbeg and Barbour reported that the spend
ing by this commission shot through with profteering
favoritism, extorton, corruption and incompetence
Times of have changed but not particularly for the
better thing another defense scandal is brewing
1t may break before this reaches print
For another the World War No. commission spent only
thirty billion At twenty billion will be appropriated
within the next few weeks and much than that later
without official entrance into
Then again technically at although the
eminent is attempting military CONSUMPTION This particu
ary significant Canada actually at has not tried
CONSUMPTION yet.
Now look at President Roosevets National Defense
mission 1t is much better organized and compact than
President Wilson'S Only three actually have the
to spend And all three directly under the control
j. Morgan. Street efficiency
The elder Morgan the center of the vast financial net
work that extends foreign including naz Ger
many and fascist Italy well the British and French
pres.
He has fronts many corporate boards One of these
lis member of the family Juniu Morgan who sits the
boards of both u S. Steel and General Motors.
u S. Steel represented the Defense Commission" by
Edward Stettinus who resigned chairman of the
poraion's board of directors.
Motors is represented the Defense Commission
by William Knudsen president of the gigantic automotive
corporation which is tied Morgan through the duPonts
who made billion dollars profit in World War No. l.
Mr.. Ralph c. Budd, railroad mangate is the third Spend
ing member of the commission He heads the transporta
ton systems controlled by Morgan.
neat financial picture?
isn't ALL From Stettinus Morgan through
interesting offices Following the ticket tape from the
Commissions office to Wall Street meet other Morgans
such Myron Taylor chairman of the board
Clifford of American Tel TEL remember his World War
No record Sewel L. Avery machine tool packing railroad
and automobile and Thomas W. Lamont chief
spokesman for Morgan interests.
Following the trail from Mr.. Knudsen's hoenthe-
wall Lamont DUPONT the famous merchant in death
Owen D. Young formerly of General Electric and director of
the Corp. German which sells plenty to Hitler;
Arthur Blake Purvs president of Canadian Industries Ltd
large banking and oil holdings; Fritz Opel nazi indus
traist who the board of directors of General Motors
and looks after their interests in Germany.
General Motors ncideny has factories in Germany but
Mr. Knudsen he doesn't know whether they build
thing for Hitler not. What is your guess?
It's just big happy family. You Morgan Knudsen
and General make profits from selling Hitler tanks
and then sell tanks protect US against the ones they sold
10 Hitler. c.
Business is business. Il
And it was good Mr. Lamont be the
n Philadelphia helping Wendell Wlke get the republican
presidential nomination y
Wikie is member of the big happy family He was
until nomnaed president of the Morgan controlled Com
nonweath Southern the largest private utility the u S.
Mr. Morgan did acquire billions by taking chances He