LAST DITCH OF DEMOCRACY - Majority Rights

knew more than any of ’em. Even Woodward does NOT give the clue.
He gives some clues but not the debt clue. In course of long desultory
readin’, the FIRST book I ever struck that would lead the student to an
understandin’ of the whole historical process in the U.S. was Overholser,
in 64 pages, published by Honest Money Founders of Chicago, now I
hear; at least they would know where to find it.
Doc. Ames, H.V., at University of Pennsylvania, in 1902 was already
gettin’ interested in reconstruction. The “Tragic Era” as C. Bowers calls
it, period after the Civil War. But he hadn’t got down to the debt
component. And without study of debt and usury NO history of the U.S.
can be written save as a smoke screen, consciously or unconsciously. I
don’t mean that historians haven’t written with intention of tellin’ the
story, of writing true history, but those that did mainly had NOT found
the clue, the pattern in the carpet. And don’t run away with the idea that
I told you Brooks Adams was the last will and testament of God
Almighty. His books are merely, as far as I know, the best introduction.
It is written from a mercantile position, with amazin’ lucidity and power
of synthesis, as you can see if you compare ’em with some of his very
rare followers who have written BEFORE having so thoroughly digested
their data.
I doubt if you will understand the full imbecility, the absolute squalor of
the Knox-Roosevelt (F.D. Roosevelt) Baruch administration till you
have read Brooks Adams. He writes about trade routes, the dislocation of
trade routes, the FLOP of empires consequent on the dislocation or loss
of trade routes. What Frankie and kikie have DONE to you NOW. No
author can get the whole history of mankind into one book, or two
books. The spectacular drama of history has, let us say, been consequent
on the shift of the trade routes, caused by new discoveries of minerals,
caused by magnetic compass, or new modes of transport, sometimes
ruined by excess charges of administration, such as usury, and false
accountancy, false accountancy having corroded all Mr. Adams’ nice
mercantile systems, though he don’t put his main emphasis on that