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Show SUSPECTS PLOT IN MORGAN TRIP La Follette Says Bankers Risk U. S. Peace to Collect War Debts. BY J. BART CAMPBELL. (International News Service) W ASHINGTON. April 29. The anticipated an-ticipated participation of J. Y Morgan Mor-gan at the forthcoming session of the subcommittee designated by the reparations repa-rations commission to overhaul the European financial situation was at-tacked at-tacked tonight by Senator LaFollOtte, of Wisconsin. Republican "Irreconell -able," as another Illuminating illustration illus-tration of the Imperialistic policies of the big banking interests " oonaior loouc nua oiner nepuio.-can nepuio.-can leaders expressed 'complete un-i un-i concern, however regarding the anticipated an-ticipated appearance of Mi. Morgan at London next month. when tho worlds foremost financier will seek the "best method of mobilizing Germany's Ger-many's obligations." It was stated from a strictly technical financial standpoint. Lodge laughed at a report that he or 6ome of his senatorial associates were likely to "sit in" unofficially at the London conference, or that the recently created world war debt rnm-m rnm-m lesion mieht te represented" there. Senator LaFollette intimated that he would not rest until he had laid before the senate the Information ho said he was gathering as to the real purpose and significance of the Invitation Invi-tation extended to Morgan hy the reparations commission BANKS LOADED DOWN. He dcclored that ' Junt as the four-power four-power Pacific treaty was lh- handiwork handi-work of the international be.nklng Interests In-terests and of Elihu Root, attorney for the Morgan bunking group, so the London conference was another move to embroil the American people In European affairs." LaFollette said "the crux of this! whole situation is the tremendous holdings by the International bankers in this country of the securities of I the governments lately associated with us In the war and In partlculur the debts now owing to these banking bank-ing Kroups by the British and other foreign governments. It has been stated and never denied de-nied thru J 1J Morgan alone still holds $900 000,000 of allied bonds and 18 months ago the Chase National' bank of New York Issued a pamphlill showing that Europe owed American! bankers and traders $4,000,000,000 ln private accounts This stupendous sum, larger than the total capltaJl- station of the 31.000 banks in the , United States is frozen solid. F.FFKCT ON BANKS. ! "This collossal sum. If not paid. may wipe out the entire surplus of j many of the largest banks in Amer- lea and seriously affect the hank-I hank-I ing Institutions that participated In tho underwriting of these obligations. ; In the light of these facts tho financial rehabilitation of Great Britain Brit-ain became a question of paramount ! concern to the great banking groups concerned " LaFollette said that "despite protestations pro-testations of innocence emanating from administration spokesmen."' hp regarded tho "danger of fh... American Ameri-can people becoming entangled in fresh International commitments Just as grave now as It was at the time tho international banking interests dictated the four-power Pacific trea behind the closed doors of the Washington Wash-ington conference." |