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The Bismarck Tribune
Bismarck, Mandan, Burleigh County, Morton County, North Dakota
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Senator Hiram Johnson denounced international bankers for greed causing American losses in foreign bonds during a Senate speech summarizing the finance committee's investigation, criticizing government indifference.
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Washington, March 15.-(AP)-Summarizing the senate finance committee's investigation of foreign loans Senator Hiram Johnson told the senate Tuesday that American losses were due to the "greed" of international banks and "smug complacency and supine indifference" on the part of the government.
The gray-haired California Republican, who sponsored the investigation of American losses in foreign bond issues, startled the senate with the ferocity of his attack on international bankers.
In a scathing denunciation of their activities, he said they had given "no thought to the impoverishment of American citizens who trusted them and acted apparently only for the profits."
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Domestic News Details
Primary Location
Washington
Event Date
March 15
Key Persons
Outcome
american losses in foreign bond issues
Event Details
Summarizing the senate finance committee's investigation of foreign loans, Senator Hiram Johnson told the senate that American losses were due to the 'greed' of international banks and 'smug complacency and supine indifference' on the part of the government. The gray-haired California Republican, who sponsored the investigation of American losses in foreign bond issues, startled the senate with the ferocity of his attack on international bankers. In a scathing denunciation of their activities, he said they had given 'no thought to the impoverishment of American citizens who trusted them and acted apparently only for the profits.'