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Study of the Hegemony of Parasitism - michaeljgoodnight.com

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instead <strong>of</strong> 130 major U.S. corporations, we may have<br />

only one, which in itself is an outpost <strong>of</strong> <strong>the</strong> London<br />

Connection.<br />

NATIONAL CITY BANK OF NEW YORK (CITIBANK)<br />

In <strong>the</strong> early 19th century, <strong>the</strong> House <strong>of</strong> Rothschild<br />

established a number <strong>of</strong> affiliates in <strong>the</strong> U.S. which<br />

carried <strong>the</strong> code identification <strong>of</strong> 'City' banks, or 'City'<br />

<strong>com</strong>panies, identifying <strong>the</strong>m as originating in <strong>the</strong> financial<br />

centre, <strong>the</strong> City <strong>of</strong> London. The City Bank was<br />

established in New York in 1812, in <strong>the</strong> same room in<br />

which <strong>the</strong> Bank <strong>of</strong> <strong>the</strong> United States had operated until<br />

its charter expired.<br />

Later called <strong>the</strong> National City Bank [1865], its principal<br />

for fifty years was Moses Taylor, whose fa<strong>the</strong>r had been<br />

a confidential agent for John Jacob Astor and British<br />

intelligence. Like <strong>the</strong> Morgan-Peabody operation, Moses<br />

Taylor doubled his fortune in <strong>the</strong> Panic <strong>of</strong> 1837 by<br />

purchasing stock in <strong>the</strong> depressed market with capital<br />

advanced by N.M. Rothschild <strong>of</strong> London. During <strong>the</strong><br />

Panic <strong>of</strong> 1857, while many <strong>of</strong> its <strong>com</strong>petitors failed, City<br />

Bank prospered. Moses Taylor purchased <strong>the</strong><br />

outstanding stock <strong>of</strong> Delaware Lackawanna Railroad for<br />

$5 a share during <strong>the</strong> panic. Seven years later, it was<br />

worth $240 a share. He was now worth $50 million.<br />

His son-in-law, Percy Pyne, had <strong>com</strong>e from London to<br />

work at City Bank, and married Taylor's daughter. When<br />

Taylor died in 1882, he left $70 million. His son-in-law,<br />

now paralyzed, became president <strong>of</strong> <strong>the</strong> now National

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