G.
Harding, members of the Federal Reserve Board, went to New York early in
August, 1914, where they discussed relief measures with a group of
leading bankers at what was regarded as the most momentous conference of
the kind held in the country in recent years.
The New York Clearing House Committee, on August 2d, called a meeting of
the Clearing House Association, to arrange for the immediate issuance of
clearing house certificates. Among those at the conference were J. P.
Morgan and his partner, Henry P. Davison; Frank A. Vanderlip, president
of the National City Bank, and A. Barton Hepburn, chairman of the Chase
National Bank.
CHAPTER III
WHY THE WORLD WENT TO WAR
While it is true that the war was conceived in Berlin, it is none the
less true that it was born in the Balkans. It is necessary in order that
we may view with correct perspective the background of the World War,
that we gain some notion of the Balkan States and the complications
entering into their relations. These countries have been the adopted
children of the great European powers during generations of rulers.
Russia assumed guardianship of the nations having a preponderance of
Slavic blood; Roumania with its Latin consanguinities was close to
France and Italy; Bulgaria, Greece, and Balkan Turkey were debatable
regions wherein the diplomats of the rival nations secured temporary
victories by devious methods.
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