Better proof:

Here is the link to the Congressional Record containing the quote and surrounding discussion:
https://www.congress.gov/bound-congressional-record/1917/02/09/house-section

Here is the link to the Congressional Record containing the quote and surrounding discussion:
https://www.congress.gov/bound-congressional-record/1917/02/09/house-section

The first page of that day's recHere is the link to the Congressional Record containing the quote and surrounding discussion:
https://www.congress.gov/bound-congressional-record/1917/02/09/house-section

The first page of that day's record is 2933, the quote is on page 2947 about half way down the right column.ord is 2933, the quote is on page 2947 about half way down the right column.

In this case, record shows a coherent, interesting, and relevant  discussion surrounding the quote we are talking about, so your otherwise valid criticism does not apply.

It's on page 2947 of the House record, about half way down the right column.  This link will bring up the record for Februuary 7, 1917.  The first page is numbered 1933, so you have to scroll down 15 pages to find the entry.

Here is a more complete version of the text you will find there:
se. . . .
The CHAIRMAN. The 0hair Will recogmze the gentleman from Texas-, a member of the C?mmittee. .
Mr-F CALLAWAY. Mr. Cha:ll'man, I ask unarumous consent to insert in the .REcoRD a statement that I have of how. !he newspapers of this country have been handled by the murutwn mantrlaeturers. .
The CHAIRMAN. Th~ gentl~ from Texas ask~ UDfl;Dl- mous consent to extend his remarks m the RECORD by mserting a certain statement. Is there objection.?
Mr. 1\IANN. 1\fr.. 9hairman, reser~ng !he ri~t to object, may I ask whether It IS the gentlema-!1 s pmpose to msert a long list of extracts from newspt;tper~?
1\lr. CALLAWAY. No; It will be a little, short statement., not over 2} inches in length in the RECORD.
The CHAIRMAN. Is there objection1
'rhere was no objection. . . .
·Mr. GALLAWAY. Mr. Chairman, under unammous· consent, I insert in the REcoRD at this point a statement~showing the newspape:r combination, which explains their activity in this war matter, just discussed by the gentleman from Pennsylvania
[Mr. MooRE] •
"In March, 1915, the J. P. l\Iorgan interests, the steel, ship-
building, and powder interests, and: their subsidiary organiza- tions, got together 12 men high up in the newspaper world and employed them to select the most iniluential newspapers fn the United States and sufficient number of them to control gene1·aUy the policy of the daily press of the United States·.
u These 12 men worked the problem out by selecting 179 news- papers, 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 great- est papers. The 25 papers were agreed upon; emissaries were sent·to. purchase the polic-y, national and international, of these papers; an agreement was reached:; the policy of the papers

being filled with all sorts of preparedness arguments and·mis- representations as to the pre ent condition of the United States Army and Nnvy, and the possibility and probability of tlw United States being attacked by foreign foes.
"This policy also included the suppression of everything in opposition to the wishes of the interests serv.ed. The effective. ness of this scheme has been conclusively demonstrated by the character of stuff carried in the daily press throughout the coun- try since l\larcb, 1915. They have resorted to anything neces- sary to commercialize public sentiment and sandbag the Na- tional Congress into making extravagant and wasteful appro- priations for the Army and Navy under the false pretense that it was necessary. Their stock argument is that it is ' patriot- ism.' They are playing on every prejudice and passion of the