Wednesday, June 12, 2013

Says Banks Control War.

New York Times 100 years ago today, June 12, 1913:
And New York Bankers, at That, According to Dr. Jordan.
    ST. PAUL, June 11.— The high cost of living is due to the waste caused by expenditures for so-called national defense, according to Dr. David Starr Jordan, President of Leland Stanford (Jr.) University, who spoke yesterday to students, at Hamline University. Dr. Jordan strongly approved the peace plan of the Wilson Administration and declared that war between Japan and the United States was an impossibility. He said New York bankers practically controlled the war situation of the world, and added:
    "There is no country in the world that could attack the United States without first coming to New York to borrow money with which to carry on its warfare and arranging all details here."

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