THE CABINET: Dollars & Diplomacy

Last week the Senate Finance Committee dug deeper into the kind of foreign financing U. S. bankers do not discuss in detail on the front pages of the Press. Chief digger was white-crested Senator Hiram Johnson of California, determined to make political capital for his isolationist theory of foreign relations by exposing the loss of financial capital by U. S. investors in foreign securities. That his tactics annoyed the White House, the Department of State and the bankers, only spurred him on to greater inquisitiveness. Under scrutiny...

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