The formation of the American Liberty League had been announced precisely at the time MacGuire had predicted the emergence of an organization of “big fellows” who were in the background of the Fascist putsch. Its treasurer had been none other than Colonel Grayson M.-P. Murphy. One of its financial backers was Robert S. Clark. Two of the largest contributors had been the J. P. Morgan Associates and the Du Pont interests. John W. Davis was a member of the National Executive Committee.
