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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.
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.”
All those summoned to the secret meeting, were members of the Illuminati. 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 Illuminati interests.
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