During the intervening years, the author continued to gather new and more startlinginformation about the backgrounds of the people who direct the Federal Reserve policies.New information gathered over the years from hundreds of newspapers, periodicals, andbooks give corroborating insight into the connections of the international bankinghouses.*While researching this material, Eustace Mullins was on the staff of the Library ofCongress. Mullins later was a consultant on highway finance for the American PetroleumInstitute, consultant on hotel development for Institutions Magazine, and editorialdirector for the Chicago Motor Club’s four publications.* The London Acceptance Council is limited to seventeen international banking houses authorized by theBank of England to handle foreign exchange.ABOUT <strong>THE</strong> COVERThe cover reproduces the outline of the eagle from the red shield, the coat of arms of thecity of Frankfurt, Germany, adapted by Mayer Amschel Bauer (1744-1812) who changedhis name from Bauer to Rothschild ("Red Shield"). Rothschild added five golden arrowsheld in the eagle’s talons, signifying his five sons who operated the five banking housesof the international House of Rothschild: Frankfurt, London, Paris, Vienna, and Naples.Table of ContentsForewordIntroductionChapter One Jekyll IslandChapter Two The Aldrich PlanChapter Three The Federal Reserve ActChapter Four The Federal Advisory CouncilChapter Five The House of RothschildChapter Six The London ConnectionChapter Seven The Hitler ConnectionChapter Eight World War OneChapter Nine The Agricultural DepressionChapter Ten The Money CreatorsChapter Eleven Lord Montagu NormanChapter Twelve The Great DepressionChapter Thirteen The 1930'sChapter Fourteen Congressional ExposeAddendumAppendix IBiographiesBibliographyQuestions and AnswersForeword
In 1949, while I was visiting Ezra Pound who was a political prisoner at St. Elizabeth’sHospital, Washington, D.C. (a Federal institution for the insane), Dr. Pound asked me if Ihad ever heard of the Federal Reserve System. I replied that I had not, as of the age of 25.He then showed me a ten dollar bill marked "Federal Reserve Note" and asked me if Iwould do some research at the Library of Congress on the Federal Reserve System whichhad issued this bill. Pound was unable to go to the Library himself, as he was being heldwithout trial as a political prisoner by the United States government. After he was deniedbroadcasting time in the U.S., Dr. Pound broadcast from Italy in an effort to persuadepeople of the United States not to enter World War II. Franklin D. Roosevelt hadpersonally ordered Pound’s indictment, spurred by the demands of his three personalassistants, Harry Dexter White, Lauchlin Currie, and Alger Hiss, all of whom weresubsequently identified as being connected with Communist espionage.I had no interest in money or banking as a subject, because I was working on a novel.Pound offered to supplement my income by ten dollars a week for a few weeks. Myinitial research revealed evidence of an international banking group which had secretlyplanned the writing of the Federal Reserve Act and Congress’ enactment of the plan intolaw. These findings confirmed what Pound had long suspected. He said, "You must workon it as a detective story." I was fortunate in having my research at the Library ofCongress directed by a prominent scholar, George Stimpson, founder of the NationalPress Club, who was described by The New York Times of September 28, 1952:"Beloved by Washington newspapermen as ‘our walking Library of Congress’, Mr.Stimpson was a highly regarded reference source in the Capitol. Government officials,Congressmen and reporters went to him for information on any subject."I did research four hours each day at the Library of Congress, and went to St. Elizabeth’sHospital in the afternoon. Pound and I went over the previous day’s notes. I then haddinner with George Stimpson at Scholl’s Cafeteria while he went over my material, and Ithen went back to my room to type up the corrected notes. Both Stimpson and Poundmade many suggestions in guiding me in a field in which I had no previous experience.When Pound’s resources ran low, I applied to the Guggenheim Foundation, HuntingtonHartford Foundation, and other foundations to complete my research on the FederalReserve. Even though my foundation applications were sponsored by the three leadingpoets of America, Ezra Pound, E.E. Cummings, and Elizabeth Bishop, all of thefoundations refused to sponsor this research. I then wrote up my findings to date, and in1950 began efforts to market this manuscript in New York. Eighteen publishers turned itdown without comment, but the nineteenth, Devin Garrity, president of Devin AdairPublishing Company, gave me some friendly advice in his office. "I like your book, butwe can’t print it," he told me. "Neither can anybody else in New York. Why don’t youbring in a prospectus for your novel, and I think we can give you an advance. You may aswell forget about getting the Federal Reserve book published. I doubt if it could ever beprinted."This was devastating news, coming after two years of intensive work. I reported back toPound, and we tried to find a publisher in other parts of the country. After two years offruitless submissions, the book was published in a small edition in 1952 by two of
- Page 1: SECRETS OF THE FEDERAL RESERVE By E
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States, he probably was unaware tha
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35 John K. Winkler, Morgan the Magn
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existence. They participated to the
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The sire of the family, Mayer Amsch
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pounds sterling. Some of this incre
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50 Paul Emden, Behind The Throne, H
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__________________________55 Coning
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York, two of Moses Taylor’s grand
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The control over Federal Reserve Sy
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Minister of Finance, veteran of the
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Sir William Wiseman, head of Britis
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J.P. Morgan, they, as well as other
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In 1938, the London Schroder Bank b
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* The following accounts are from T
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From 1887 to 1914, this precarious
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The bankers had been waiting since
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from the Federal Reserve Board in M
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of office as head of the German Sec
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"President Wilson gave me a letter
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p. 6 of these Hearings. "These tran
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many illicit transactions in cotton
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This chart shows the interlocks bet
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"Gorodin, Lenin’s agent in China,
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"Woodrow Wilson is a type of Pecksn
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during the war. Laborers were paid
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cooperation, he is the man to consu
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Ansco Film Corporation, with headqu
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The international gold dealings of
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The chances of the average citizen
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paper, bearing the name of the debt
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President. Paul Warburg was also a
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to be treated by Jung, as was fashi
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in credit policy were that it would