Senator MacFadden’s cry of “International Jewish Finance” raised in the Finance Commission of the United States (reported in the J.T.A. Bulletin of Dec. 18th.) is taken up to-day by the Hitlerist daily “Angriff” here, the Berlin organ of the Nazi Party, edited by Deputy Goebbels, the Hitlerist leader in Berlin. Ignoring that part of Senator MacFadden’s attack in which he alleged that the “international Jewish bankers, like Messrs. Kuhn, Loeb and Company, have been bleeding the country (America) white for the benefit of Germany and themselves”, the “Angriff” tells its readers that the proceedings in the Finance Commission of the United States have revealed to the workers of Germany how the Super-State structure of international Jewish finance is exploiting the misery of the nations.
The Jewish bankers, Messrs. Kuhn, Loeb and Company, it says, have been shown in these discussions, to have made a profit of half a milliard dollars out of the last crisis by pushing loan shares on to provincial institutions and private persons who have thus lost everything they possessed.
The Nazi State, the “Angriff” concludes, will smash all loan and finance capital, which is destroying productive industrial life.
Mr. Otto Kahn, one of the partners of the banking firm of Kuhn, Loeb and Company, was called as a witness before the Finance Commission of the United States Senate, adding his testimony to that of other bankers who called attention to the gravity of the present situation. He said that he believed that Germany would pay her private debts, adding, “I don’t make any forecast on reparations. That’s another chapter.
“I would favour war debts and reparations being dropped in the middle of the Atlantic Ocean”, he said, “but there seems no way to do it”.
Did you seek to get this Government to announce a moratorium? Senator Reed asked him.
Not in any remote sense, Mr. Kahn replied. We never discussed the matter with Mr. Hoover, and had no knowledge it was coming.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
