Word: nye
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...last week the efforts of the Senate Munitions Investigation Committee to excite the nation about J. P. Morgan & Co.'s part in drawing it into the War (TIME, Jan. 20) had come to such a pass that Chairman Nye felt obliged to apologize to newsmen for the dullness of his show. Bent on convincing the public that Allied trade and not German submarines had made the U. S. take up arms in 1917, the Committee abruptly switched from Business to Government history. Banker Morgan and his partners were left lolling on the sidelines while a parade of distinguished ghosts...
Falsifier. When Senator Clark had dismissed his ghostly witnesses, Chairman Nye spoke up with a historical point of his own. The Committee had learned from "the highest possible sources," said he, that immediately after the U. S. entered the War, President Wilson and Secretary Lansing were informed by Arthur J. Balfour, Sir Edward Grey's successor as Foreign Secretary, of the secret treaties in which the Allies had agreed to divide up conquered territories after winning the War. Later the President and Secretary of State had declared that they knew nothing about these treaties until they arrived...
...looked on from the outside. Hitherto the elders had kept silent while the youthful crusaders monopolized front pages with a revision of U. S. history which made those elders out to have been deplorable bunglers, duped by propaganda or impelled by greed. But when ardent young Senator Nye called the Wartime President of the U. S. a liar, the pent-up wrath of Woodrow Wilson's onetime associates burst forth in dancing fury...
...from being a bitter prosecutor like Ferdinand Pecora, was obviously making no effort to send his witnesses to jail, had no belief that the men before him were villains, aimed at no more than to show that war trade and war finance are a danger to peace. Chairman Nye, too, was content with building up a ponderous record which might be used to prove that: 1) In time of foreign war the U. S. should not trade with or finance belligerents; 2) There should be a limitation on war profits; 3) Munitions-making should be under government control. Already, however...
...Devil's Due. By & large Senator Nye's Committee, during its first week's effort, was not very successful in rewriting U. S. War history. Partner Lamont lately declared: "Like most of our contemporaries and friends and neighbors, we wanted the Allies to win from the outset of the War. We were pro-Ally by inheritance, by instinct, by opinion." But no evidence was adduced last week that the House of Morgan, for all its pro-Ally, sympathies, created the Allied demand for U. S. goods. And if J. P. Morgan & Co. indulged in secret skulduggery...