Coughlin Links Morgenthau to “international Bankers”

In a radio address from Detroit Saturday night, Rev. Charles E. Coughlin charged that Secretary of Treasury Morgenthau failed to take full advantage of the war debt funding agreements “lest it interfere” with the payment of loans which private bankers had made in Europe. In attacking international bankers, Father Coughlin has invariably listed Jewish names.

He asserted that James P. Warburg, whose family he said established the Federal Reserve banks, was against the New Deal until “America came to the rescue of the international bankers in London and Paris” through the recently concluded gold agreement.

Meanwhile, in New York, Father Peter Duffy, a member of the Franciscan Order, in joining other priests in a campaign against Communism, said President Roosevelt was surrounded by men “whose political philosophy inches toward Communism” and listed “Dubinsky,” “Hillman,” Rexford Tugwell and “Frankfurter.”

The Catholic Laymens’ League, which declares itself as opposed to “political ecclesiasticism,” made public a statement assailing Father Coughlin for his “appeals to bigotry, hatred, violence and virulence” and called upon the American people to repudiate him.

Branding the head of the National Union for Social Justice as an “alien adventurer,” the declaration censured his activities for “his cowardly Jew-baiting; his shameless use of his cloth to insult the President of the United States; his wild-eyed threats of bullets instead of ballots.”