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Marconi scandal
The Marconi scandal was a British political scandal that broke in the summer of 1912. It centred on allegations that highly placed members of the Liberal government, under H. H. Asquith as Prime Minister, had profited by improper use of information about the Government's intentions with respect to the Marconi Company: knowing that the government was about to issue a lucrative contract to the British Marconi company for the Imperial Wireless Chain, they had bought shares in an American subsidiary.〔Michael Finch, "G.K. Chesterton: A biography", Weidenfield and Nicholson, 1986, ISBN 0-297-78858-2, pages 204-205〕
The political consequences were in fact slight, but the group around the ''New Witness'' drew conclusions about corruption in British politics, which were to resonate for 25 years.
==Insider trading allegations==
Allegations and rumours centred on insider trading in Marconi's shares and involved a number of government ministers, including Lloyd George, the Chancellor of the Exchequer; Sir Rufus Isaacs, the Attorney General; Herbert Samuel, Postmaster General; and the Treasurer of the Liberal Party, the Master of Elibank, Lord Murray. The allegations included the fact that Isaacs' brother, Godfrey Isaacs, was managing director of the Marconi company. While some have seen anti-Semitism in the charges, the majority of those accused were not Jewish, and the allegations, whether true or not, were well-founded and serious enough to be brought to public attention. Particularly active was the ''New Witness'', edited by Cecil Chesterton. This was a distributist publication founded in 1911 by Hilaire Belloc as ''Eye-Witness'', with Cecil's brother G. K. Chesterton on the editorial staff.
In February 1913 the French newspaper ''Le Matin'' alleged that Sir Rufus Isaacs and Herbert Samuel had abused their position to buy shares in the ''English'' Marconi company. Both men sued for libel and ''Le Matin'' withdrew and apologised; during the case, Isaacs testified that he had however bought shares in the ''American'' Marconi company and sold some on to Lloyd George and Lord Murray.〔Ian D. Colvin, "Carson the Statesman", Kessinger, 2005, ISBN 1-4179-8663-8, page 179〕 It was not made public during the trial that these shares had been made available through Isaacs's brother at a favourable price.〔 The factual matters were at least partly resolved by a parliamentary select committee investigation, which issued three reports: all found that ministers had purchased shares in the American Marconi company, but while the fellow-Liberal members of the committee cleared the ministers of all blame, the other members reported that they had acted with "grave impropriety."〔W.J. Baker, "The history of the Marconi company 1874-1965", Routledge, 1998 ISBN 0-415-14624-0, page 146〕 The truth of the matter has been described as "obscure."〔H. J. Hanham (1969), ''The Nineteenth-Century Constitution 1815-1914: Documents and Commentary'', p. 79.〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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