Determined Opposition to Any Backing by Government Proposal to Congress From Or OWS ComusronvewT.
Washington, Feb, 24.
Loans made by American bank-jing groups to the Chinese Govern. ment as a part of the entire broad question of foreign loans made by American bankers, and the influence such loans have in shaping the international policies of the State Department, will be put under the spotlight of "pitiless publicity" the near future when the public hearings authorized by the Foreign Relations Committee of the Senate get under way.
The hearings will be held by a. sub-committee of the Foreign Relations Committee, composed of Senator Henrik Shipstead of Minrnesota, the Farmer-Labour Radical, Senator Willis of Ohio, and Senator Pittman of Nevada. Willis is a Jconservative Republican and Pittman a Democrat, so with Shipstead Jas the leavening influence what are termed "interesting disclosures" are rosel introduced by Senator The hearings are hung on the
Ladd of Dakota which would direct every department and agency of the federal government to refrain from edging any governmental assisttance in the negotiating or repayment of a loan made to any foreign government by private bankers. The idea beneath the entire investigation is to keep the federal government from being committed to military intervention of undue pressure in the evllection of any" yueh oan, olleetion Agency"
Biiee resonator Aniedd diveedy fat the activities of American bankfers in South and Central American rations where, it ix alleged, the U.S. Murine Corps has_be a "collection agency" in I duras, Nicaragua, Santo Doming: Costa' Rica, and other Latin republies where revolutions are part of the day's excitement, Among the witnesses already: summoned are Dr. Ernest Gruening, author and lecturer of Boston:
Text read from the printed page and cleaned; old type leaves the occasional error.