After a two-week hiatus due to a quarrel over Woodrow Wilson's veracity (TIME, Jan. 27), the Senate's Munitions Investigation Committee last week resumed its functions on its last allowance of $7,369. Back in the witness chairs were J. P. Morgan & partners (TIME, Jan. 20). On the first day Washington's Senator Bone gravely asked Banker Morgan whether he thought the next war would destroy civilization.
"It might irreparably damage the economic structure," Mr. Morgan admitted judiciously. "It might do away with the leisure class, and if you destroy the leisure class, you...