Study of the Hegemony of Parasitism - michaeljgoodnight.com

America, Dr. James T. Shotwell, Eugene Delano, and
Jacob Schiff. Herbert Hoover immediately joined Col.
House as the most vociferous advocate of our joining the
League of Nations.
Baruch later testified before the Graham Committee:
BARUCH: I was economic advisor with the peace commission.
GRAHAM: Did you frequently advise the President while there ?
BARUCH: Whenever he asked my advice I gave it. I had something to do
with the reparations clauses. I was the American Commissioner in charge of
what they called the Economic Section. I was a member of the Supreme
Economic Council in charge of raw materials.
GRAHAM: Did you sit in the council with the gentlemen who were negotiating
the treaty ?
BARUCH: Yes, sir, some of the time.
GRAHAM: All except the meetings that were participated in by the Big Five.
BARUCH: And frequently those also.
The Reparations Commission ordered the Germans to
issue four issues of bonds, all to be delivered to the
Reparations Commission as follows :
1. 20 billion gold marks, 5 billion paper marks by May 1, 1921, for the army of
occupation.
2. War cost of Belgium -- 4 billion gold marks due May 1, 1926.
3. 40 billion gold marks at 2 1/2% interest from 1921-26, to be retired in 1951.
4. 30-year provisional fund of general reparations.
-- Treaty of Versailles, Financial Clauses 248-63).