James P. Warburg, vice-chairman of the Bank of the Manhattan Company and a former financial adviser to President Roosevelt, said today America’s political, social and economic freedom is in grave danger.
Private banking is now on trial for its life, he declared in an address before the Financial Advertisers convention here, and if the banking system is taken over by the Federal government it will mean death to liberty.
The banker recommended that professional standards be established and asserted that “the old order needed renovating in the worst way—still needs it, for that matter.”
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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.
