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Study of the Hegemony of Parasitism - michaeljgoodnight.com

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Beebe Morgan was a dry goods house. J.M. Beebe Co.<br />

<strong>of</strong> Boston made Junius S. Morgan a partner. Junius<br />

Morgan was later invited to join George Peabody & Co.<br />

<strong>of</strong> London, which handled most <strong>of</strong> <strong>the</strong> House <strong>of</strong><br />

Rothschild's trading in American stocks. Junius Morgan's<br />

son, J.P. Morgan, later changed <strong>the</strong> name <strong>of</strong> <strong>the</strong> firm to<br />

J.P. Morgan & Co., but it continued to be one <strong>of</strong> three<br />

representatives <strong>of</strong> <strong>the</strong> House <strong>of</strong> Rothschild in <strong>the</strong> U.S.,<br />

<strong>the</strong> o<strong>the</strong>rs being Kuhn, Loeb & Co. and August Belmont.<br />

The Morgan group and <strong>the</strong> National City Bank group<br />

held a secret meeting at Jekyll Island, Ga. <strong>the</strong> week <strong>of</strong><br />

Nov. 22, 1910 to consolidate <strong>the</strong>ir financial power.<br />

Present were:<br />

o<br />

o<br />

o<br />

o<br />

o<br />

o<br />

o<br />

Sen. Nelson Aldrich (his daughter married John D. Rockefeller Jr.),<br />

[and] his private secretary, Shelton<br />

Piatt Andrews, Asst. Sec. <strong>of</strong> <strong>the</strong> Treasury<br />

Frank Vanderlip, president <strong>of</strong> National City Bank<br />

Henry P. Davison, J.P. Morgan's righthand man<br />

Charles D. Norton, president <strong>of</strong> First National Bank <strong>of</strong> New York<br />

Benjamin Strong <strong>of</strong> Liberty National Bank (he later married <strong>the</strong><br />

daughter <strong>of</strong> <strong>the</strong> president <strong>of</strong> Bankers Trust, became president <strong>of</strong><br />

Bankers Trust, and chairman <strong>of</strong> <strong>the</strong> Federal Reserve Bank <strong>of</strong> New<br />

York)<br />

Paul Warburg, a German immigrant who had joined Kuhn, Loeb &<br />

Co.<br />

Although <strong>the</strong>se men were <strong>the</strong> most influential financiers<br />

in <strong>the</strong> U.S., <strong>the</strong>y were present at Jekyll Island merely as<br />

<strong>the</strong> emissaries <strong>of</strong> Baron Alfred Rothschild, who had<br />

<strong>com</strong>missioned <strong>the</strong>m to prepare legislation establishing a<br />

central bank in <strong>the</strong> U.S., modelled on <strong>the</strong> European<br />

fractional reserve central banking organizations <strong>of</strong> <strong>the</strong>

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