J.P. Morgan Interests Buy 25 of America's Leading Newspapers and Insert Editors U.S. Congressional Record February 9, 1917, page 2947

 

J.P. Morgan Interests
Buy 25 of America's Leading Newspapers
and Insert Editors

U.S. Congressional Record February 9, 1917, page 2947

Congressman Calloway announced that the
J.P. Morgan interests bought 25 of America's leading newspapers, and
inserted their own editors, in order to control the media.

 

The CHAIRMAN: The Chair will recognize the gentleman from Texas, a member of the [defense appropriations] committee.

Mr. CALLAWAY: Mr. Chairman, I ask unanimous consent to insert in the Record a statement that I have of how the newspapers of this country have been handled by the munitions manufacturers.

The CHAIRMAN: The gentleman from Texas asks unanimous consent to extend his remarks in the Record by inserting a certain statement. Is there any objection?

Mr. MANN: Mr. Chairman, reserving the right to object, may I ask whether it is the gentleman's purpose to insert a long list of extracts from newspapers?

Mr. CALLAWAY: No; it will be a little, short statement not over 2 ½ inches in length in the Record.

The CHAIRMAN: Is there any objection?

There was no objection.

Mr. CALLAWAY: Mr. Chairman, under unanimous consent, I insert into the Record at this point a statement showing the newspaper combination, which explains their activity in the war matter, just discussed by the gentleman from Pennsylvania [Mr. MOORE]:

“In March, 1915, the J.P. Morgan interests, the steel, ship building and powder interests and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press in the United States.

“These 12 men worked the problems out by selecting 179 newspapers, and then began, by an elimination process, to retain only those necessary for the purpose of controlling the general policy of the daily press throughout the country. They found it was only necessary to purchase the control of 25 of the greatest papers. The 25 papers were agreed upon; emissaries were sent to purchase the policy, national and international, of these papers; an agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies and other things of national and international nature considered vital to the interests of the purchasers.

“This contract is in existence at the present time, and it accounts for the news columns of the daily press of the country being filled with all sorts of preparedness arguments and misrepresentations as to the present condition of the United States Army and Navy, and the possibility and probability of the United States being attacked by foreign foes.

“This policy also included the suppression of everything in opposition to the wishes of the interests served. The effectiveness of this scheme has been conclusively demonstrated by the character of the stuff carried in the daily press throughout the country since March, 1915. They have resorted to anything necessary to commercialize public sentiment and sandbag the National Congress into making extravagant and wasteful appropriations for the Army and Navy under false pretense that it was necessary. Their stock argument is that it is 'patriotism.' They are playing on every prejudice and passion of the American people.”