Abstract

Teapot and Other Tempests

Invitations to appear before the U.S. Senate Committee on Agriculture and divulge their thoughts on farm relief were hastily declined by J.P. Morgan Chase & Co., company Charles M. Schwab, and half a dozen other giants of finance. Despite Chairman's bland explanation that the committee was moved only by a humble wish to seek wisdom from the very best minds in existence, the financiers apparently suspected a trap. If so, their instinct served them well. The real purpose was to place on the witness stand the outstanding spokesmen of the interests, which have opposed the equalization fee, and demonstrate by their own testimony that they know little, if anything, about the farm problem, and have little, if any, interest in seeing it properly solved.