Aclaramiento

William Jennings Bryan President William McKinley

This political movement created the initial stirrings for what eventually became the Federal Reserve Act.

THE FEDERAL RESERVE ACT

The end of the Civil War in 1865 ruined the IIluminati’s chances to control our monetary system, as they did in most European countries. So, the Rothschilds modified their plan for financial takeover. Instead of tearing down from the top, they were going to start at the bottom to disrupt the foundation of our monetary system. The instrument of this destruction was a young immigrant by the name of Jacob Schiff.

Jacob Schiff

The Schiff family traced their lineage back to the fourteenth century, and even claimed that King Solomon was an ancestor. Jacob Schiff was born in 1847, in Frankfurt, Germany. His father, Moses Schiff, a rabbi, was a successful stockbroker on the Frankfurt Stock Exchange. In 1865, he came to America, and in 1867, formed his own brokerage firm with Henry Budge and Leo Lehmann. After it failed, he went back to Germany, and became manager of the Deutsche Bank in Hamburg, where he met Moritz Warburg (1838-1910), and Abraham Kuhn, who had retired after helping to establish the firm of Kuhn & Loeb in New York.

Kuhn and Loeb were German Jews who had come to the United States in the late 1840’s, and pooled their resources during the 1850’s to start a store in Lafayette, Indiana, to serve settlers who were on their way to the West. They set up similar stores in Cincinnati and St. Louis. Later, they added pawnbroking and money lending to their business pursuits. In 1867, they established themselves as a well-known banking firm.

In 1873, at the age of 26, Jacob Schiff, with the financial backing of the Rothschilds, bought into the Kuhn and Loeb partnership in New York City. He became a full partner in 1875. He became a millionaire by financing railroads, developing a proficiency at railroad management that enabled him to enter into a partnership with Edward Henry Harriman to create the greatest single railroad fortune in the world. He married Solomon Loeb’s oldest daughter, Theresa, and eventually bought out Kuhn’s interest. For all intents and purposes, he was the sole owner of what was now known as Kuhn, Loeb and Company. Sen. Robert L. Owen of Oklahoma indicated that Kuhn, Loeb and Company was a representative of the Rothschilds in the United States.

Edward Henry Harriman Robert Latham Owen

Although John Pierpont Morgan (1837-1913), the top American Rothschild representative, was the head of the American financial world, Schiff was rapidly becoming a major influence by distributing desirable European stock and bond issues during the Industrial Revolution. Besides Edward H. Harriman’s railroad empire, he financed Standard Oil for John D. Rockefeller (1839-1937), and Andrew Carnegie’s (1835-1919) steel empire. By the turn of the century, Schiff was firmly entrenched in the banking community, and ready to fulfill his role as the point man in the IIluminati’s plan to control our economic system, weaken Christianity, create racial tension, and to recruit members to get them elected to Congress and appointed to various government agencies.

J. P. Morgan John D. Rockefeller, Sr. Andrew Carnegie

In 1636, Miles, John, and James Morgan landed in Massachusetts, leaving their father, William, to carry on the family business of harness-making in England. Joseph Morgan (J. P. Morgan’s grandfather), successful in real estate and business, supported the Bank of the United States. Junius Spencer Morgan (J. P. Morgan’s father), was a partner in the Boston banking firm of J. M. Beebe, Morgan, and Co.; and became a

partner in London’s George Peabody and Co., taking it over when Peabody died, becoming J. S. Morgan and Co.

John Pierpont Morgan, or as he was better known, J. P. Morgan, was born on April 17, 1837. He became his father’s representative in New York in 1860. In 1862, he had his own firm, known as J. Pierpont Morgan and Co. In 1863, he liquidated, and became a partner with Charles H. Dabney (who represented George Peabody and Co.), and established a firm known as Dabney, Morgan and Co. He later teamed up with Anthony J. Drexel (son of the founder of the most influential banking house in Philadelphia), in a firm known as Drexel, Morgan and Co. Morgan also became a partner in Drexel and Co.

in Philadelphia. In 1869, Morgan and Drexel met with the Rothschilds in London, and through the Northern Securities Corporation, began consolidating the Rothschild’s power and influence in the United States. Morgan continued the partnership that began when his father acted as a joint agent for the Rothschilds and the U.S. Government.

Anthony J. Drexel Thomas W. Lamont

During the Civil War, J. P. Morgan had sold the Union Army defective carbine rifles, and it was this government money that helped build his Guaranty Trust Co. of New York. In 1880, he began financing and reorganizing the railroads. After his father died in 1890, and Drexel died in 1893, the Temporary National Economic Committee revealed that J. P. Morgan held only a 9.1% interest in his own firm. George Whitney owned 1.9%, and H. B. Davison held 1.2%, however, the Charles W. Steele Estate held 36.6%, and Thomas W. Lamont (whose son, Corliss, was an active communist) had 34.2%.

Researchers believe that the IIluminati controlled the company through these shares.

In 1901, Morgan bought out Andrew Carnegie’s vast steel operation for

$500,000,000 to merge the largest steel companies into one big company known as the United States Steel Corporation (in which, for a time, the Rockefellers were major stockholders).

A speech by Senator Norris which was printed in the Congressional Record of November 30, 1941, said: “J. P. Morgan, with the assistance and cooperation of a few of the interlocking corporations which reach all over the United States in their influence, controls every railroad in the United States. They control practically every public utility,

they control literally thousands of corporations, they control all of the large insurance companies. Mr. President, we are gradually reaching a time, if we have not already reached that point, when the business of the country is controlled by men who can be named on the fingers of one hand, because those men control the money of the Nation, and that control is growing at a rapid rate.”

The House of Morgan grew larger in 1959, when the Guaranty Trust Co. of New York merged with the J. P. Morgan and Co., to form the Morgan Guaranty Trust Co.

They had four branch offices, and foreign offices in London, Paris, Brussels, Frankfurt, Rome, and Tokyo. The firm of Morgan, Stanley, and Co. was also under their control.

Paul Warburg Eric Warburg

Paul Moritz Warburg (1868-1932), and his brother Felix (1871-1937), came to the United States from Frankfurt in 1902, buying into the partnership of Kuhn, Loeb and Co.

with the financial backing of the Rothschilds. They had been trained at the family banking house, M. M. Warburg and Co. (run by their father Moritz M. Warburg, 1838-1910), a Rothschild-allied bank in Frankfurt, Hamburg, and Amsterdam, which had been founded in 1798 by their great-grandfather. Paul (said to be worth over $2.5 million when he died), married Nina Loeb, the daughter of Solomon Loeb (the younger sister of Schiff’s wife); while Felix, in March, 1895, married Frieda Schiff, the daughter of Jacob Schiff.

Their brother Max (1867-1946), a major financier of the Russian Revolution (who in his capacity as Chief of Intelligence in Germany’s Secret Service, helped Lenin cross and Co. in London, and by 1956, had taken over the Seligman Brothers’ Bank.

The Warburgs are another good example of how the IIluminati controls both sides of a war. While Paul Warburg’s firm of Kuhn, Loeb and Co. (who had five representatives in the U.S. Treasury Department) was in charge of Liberty Loans, which helped finance

World War I for the United States, his brother Max financed Germany, through M. M.

Warburg and Co.

Paul and Felix Warburg were men with a mission, sent here by the Rothschilds to lobby for the passing of a central banking law in Congress. Colonel Ely Garrison (the financial advisor to Presidents Theodore Roosevelt and Woodrow Wilson) wrote in his book Roosevelt, Wilson and the Federal Reserve Act: “Mr. Paul Warburg is the man who got the Federal Reserve Act together after the Aldrich Plan aroused such nationwide resentment and opposition. The mastermind of both plans was Alfred Rothschild of London.” Professor E. R. A. Seligman, head of the Economics Department of Columbia University, wrote in the preface of one of Warburg’s essays on central European central banking system to America’s monetary system. Schiff, in turn, gave it to James Stillman, President of the National City Bank in New York City. Warburg had graduated from the University of Hamburg in 1886, and studied English central banking methods, while working in a London brokerage house. In 1891, he studied French York’s banking establishment, that they needed a banker-controlled central bank, that could serve the nation’s financial system. Up to that time, the House of Morgan had filled that role. Some of the people involved with Morgan were: Walter Burns, Clinton Dawkins, Edward Grenfell, Willard Straight, Thomas Lamont, Dwight Morrow, Nelson Perkins, Russell Leffingwell, Elihu Root, John W. Davis, John Foster Dulles, S. Parker Gilbert, and Paul D. Cravath. The financial panics of 1873, 1884, 1893, 1907, and later 1920, were initiated by Morgan with the intent of pushing for a much stronger banking system.

Frank A. Vanderlip Willard Straight Thomas Lamont

Dwight Whitney Morrow Russell Leffingwell Elihu Root

John W. Davis John Foster Dulles S. Parker Gilbert

On January 6, 1907, the New York Times published an article by Warburg, called

“Defects and Needs of Our Banking System,” after which he became the leading exponent of monetary reform. That same year, Jacob Schiff told the New York Chamber of Commerce, that “unless we have a Central Bank with adequate control of credit resources, this country is going to undergo the most severe and far reaching money panic in history.” When Morgan initiated the economic panic in 1907, by circulating

rumors that the Knickerbocker Bank and Trust Co. of America was going broke, there was a run on the banks, creating a financial crisis, which began to solidify support for a central banking system. During this panic, Warburg wrote an essay called “A Plan for a Modified Central Bank” which called for a Central Bank, in which 50% would be owned by the government, and 50% by the nation’s banks. In a speech at Columbia University, he quoted Abraham Lincoln, who said in an 1860 Presidential campaign speech: “I believe in a United States Bank.”

Jacob Schiff Edward Mandell House

In 1908, Schiff laid out the final plans to seize the American monetary system.

Colonel (an honorary title) Edward Mandell House (1858-1938), the son of British financier Thomas W. House, a Rothschild agent who made his fortune by supplying the south with supplies from France and England during the Civil War, was Schiff’s chief representative and courier; and Bernard Baruch (1870-1965), whose stock market speculating made him a multi-millionaire by the early 1900’s, and whose foreign and domestic policy expertise led Presidents from Wilson to Kennedy to seek his advice;

were the two who were relied on heavily by Schiff to carry out his plans. Herbert Lehman was also a close aide to Schiff.

Bernard Baruch Herbert Lehman

President Woodrow Wilson wrote about House (published in The Intimate Papers of Col. House): “Mr. House is my second personality. He is my independent self. His thoughts and mine are one. If I were in his place, I would do just as he suggested ... If anyone thinks he is reflecting my opinion, by whatever action he takes, they are welcome to the conclusion.” George Sylvester Viereck wrote in The Strangest Friendship in History: Woodrow Wilson and Colonel House: “When the Federal Reserve legislation at last assumed definite shape, House was the intermediary between the White House and the financiers.” Schiff, who was known as the “unseen guardian angel” of the Federal Reserve Act, said that the U.S. Constitution was the product of 18th century minds, was outdated, and should be “scrapped and rewritten.”

Nelson W. Aldrich

In 1908, Sen. Nelson W. Aldrich (father-in-law of John D. Rockefeller, Jr. and grandfather of Nelson and David Rockefeller) proposed a bill, in which banks, in an emergency situation, would issue currency backed by federal, state, and local government bonds, and railroad bonds, which would be equal to 75% of the cash value of the bonds. It was harshly criticized because it didn’t provide a monetary system that would respond to the seasonal demand, and fluctuate with the volume of trade. Aldrich was the most powerful man in Congress, and the IIluminati’s head man in the Senate. A member of Congress for 40 years, 36 of them in the Senate, he was Chairman of the powerful Senate Finance Committee.

Joseph Cannon

In the House of Representatives, Rep. E. B. Vreeland of New York, proposed the Vreeland Bill. After making some compromises with Aldrich, and Speaker of the House Joseph Cannon, at a meeting in a hotel room at the Arlington House, his bill became known as the Vreeland Substitute. It called for the acceptance of asset currency, but only in cases of emergency, and the currency would be based on commercial paper rather than bonds. It passed in the House, 184 -145; but when it got to the Senate, Aldrich moved against it, and pushed for further compromises. The Aldrich-Vreeland Bill, called the Emergency Currency Act, was passed on May 30, 1908, and led to the creation of the National Monetary Commission, which was made up of members of Congress. Now, any monetary legislation sent to Congress, would have to go through this group first.

The Bill approved by the National Monetary Commission was known as the Aldrich Bill, and formed the legislative base for the Federal Reserve Act. It was introduced as an amendment to the Republican sponsored Payne-Aldrich Tariff Bill, in order to have Republican support. It was based on Warburg’s plan, except it would only have 15 districts; half of the directors on the district level would be chosen by the banks, a third by the stockholders, and a sixth by the other directors. On the National Board: two chosen by each district; nine chosen by the stockholders; and seven ex-officio members to be the Governor, Chairman of the Board, two Deputy Governors, Secretary of the Treasury, Secretary of Commerce and Labor, Secretary of Agriculture, and Comptroller of the Currency. Most people were against the Bill, because it finally identified the banking institution as a central bank, and the Democratic Party opposed it in the 1912 Party platform.

Aldrich was appointed as head of the National Monetary Commission, and from 1908-10, at a cost of $300,000, this 16-man committee traveled around Europe to study the central banking system.

In 1910, Warburg gave a speech entitled, “A United Reserve Bank of the United States,” which called for a United Reserve Bank to be located in Washington, D.C., having the capital of $100 million. The country would be divided into 20 districts, and the system would be controlled by a Board of Directors, which would be chosen by the banking associations, the stockholders, and the government. Warburg said that the U.S.

monetary system wasn’t flexible, and it was unable to compensate for the rise and fall of business demand. As an example, he said, that when wheat was harvested, and merchants didn’t have the cash on hand to buy and store a large supply of grain, the farmers would sell the grain for whatever they could get. This would cause the price of wheat to greatly fluctuate, forcing the farmer to take a loss. Warburg called for the development of commercial paper (paper money) to circulate as currency, which would be issued in standard denominations of uniform sizes. They would be declared by law to be legal tender for the payment of debts and taxes.

Theodore Roosevelt Henry P. Davison

President Theodore Roosevelt said, concerning the criticism of finding capable men to head the formation of a central bank: “Why not give Mr. (Paul) Warburg the job? He would be the financial boss, and I would be the political boss, and we could run the country together.”

After a conference was held at Columbia University on November 12, 1910, the National Monetary Commission published their plan in the December, 1910 issue of their Journal of Political Economy in an article called “Bank Notes and Lending Power.”

On November 22, 1910, Aldrich called a meeting of the banking establishment and members of the National Monetary Commission, which was proposed by Henry P.

Davison (a partner of J. P. Morgan). Aldrich said that he intended to keep them isolated until they had developed a “scientific currency for the United States.”

Jekyll Island Hunt Club (then)

Jekyll Island Hunting Club (now)

Jekyll Island

All those summoned to the secret meeting, were members of the IIluminati. They met on a railroad platform in Hoboken, New Jersey, where they chartered a private railroad car owned by Aldrich to Georgia. They were taken by boat, to Jekyll Island, off the coast of Brunswick, Georgia. Jekyll Island is in a group of ten islands, including St.

Simons, Tybee, Cumberland, Wassau, Wolf, Blackbeard, Sapelo, Ossabow, and Sea Islands. Jekyll Island was a ‘hideaway resort of the rich,’ purchased in 1888 by J. P.

Morgan, Henry Goodyear, Joseph Pulitzer, Edwin and George Gould, Cyrus McCormick, William Rockefeller (John D. Rockefeller’s brother), William K. Vanderbilt, and George F. Baker (who founded Harvard Business School with a gift of $5 million) for $125,000 from Eugene du Bignon, whose family owned it for a century. Up until the time it was converted into a public resort, no uninvited foot ever stepped on its shores. It was said, that when all 100 members of the Jekyll Island Hunting Club sat down for dinner at the clubhouse, it represented a sixth of the world’s wealth. St. Simons Island, a short distance away, to the north, was also owned by IIluminati interests.

J. P. Morgan Frank Henry Goodyear Joseph Pulitzer

Cyrus McCormick William K. Vanderbilt

Those attending the meeting at the private hunting lodge were said to be on a duck-hunting expedition. They were sworn to secrecy, even addressing each other by code names or just by their first names. Details are very sketchy, concerning who attended the meeting, but most scenarios agree that the following people were present: Sen.

Aldrich, Frank A. Vanderlip (Vice-President of the Rockefeller owned National City Bank), Henry P. Davison (of the J. P. Morgan and Co.), Abraham Piatt Andrew (Assistant Secretary of the Treasury, an Assistant Professor at Harvard, and Special Assistant to the National Monetary Commission during their European tour), Paul Moritz Warburg (of Kuhn, Loeb and Co.), Benjamin Strong (Vice-President of Morgan’s Bankers Trust Co.), Eugene Meyer (a former partner of Bernard Baruch, and the son of a partner in the Rothschild-owned Lazard Freres, who was the head of the War Finances Corporation, and later gained control of the Washington Post), J. P. Morgan, John D. Rockefeller, Col. House, Jacob Schiff, Herbert Lehman (of Lehman Brothers), Bernard Baruch (appointed by President Wilson to be the Chairman of the War Industries Board, which gave him control of all domestic contacts for Allied war materials, which enabled him to make $200 million for himself while working for the government), Joseph Seligman (a leading Jewish financier, who founded J. & W.

Seligman and Co., who had helped to float bonds during the Civil War, and were known as ‘World Bankers,’ then later declined President Grant’s offer to serve as the Secretary of Treasury), and Charles D. Norton (President of the First National Bank of New York).

Nelson W. Aldrich Frank A. Vanderlip Henry P. Davison

Nelson W. Aldrich Frank A. Vanderlip Henry P. Davison