Study of the Hegemony of Parasitism - michaeljgoodnight.com

and E.T. Stotesbury, paid no federal income tax in 1931-
32; the partners paid a total of $48,000 in 1930.
Anderson remarked:
"Is there any mystery as to why the Marines were despatched against Haiti,
San Domingo, and Nicaragua when those countries defaulted, or threatened
to default, on the debt payments to American banks ? It has been shown that
the Morgan firm had a certain selected list of 'clients' to whom it sold stock at
figures substantially under market prices. In the case of the Allegheny Corp.
these fair-haired boys got the stock at 20, when the market was 35."
Anderson pointed out that these fortunate few could
have sold the stock immediately for almost double what
they had paid. Among the recipients of these Morgan
favors he listed Senator McAdoo, Justice Owen Roberts,
Secretary Woodin, Owen D. Young, and John J. Raskob.
In Nation, June 21, 1933, Anderson continued:
"When Ft. Sumter was fired on, gold began to leave the country. The man
[Morgan] who later said 'Don't sell America short' then took a flyer on the
short side of America. He borrowed 2 million in gold coins and shipped it to
London. This was really a blow behind the lines. Then he went to the 'gold
room' to watch the effect. There was a scramble for gold to pay commitments
abroad and this patriotic American with 2 million in eagles in London sold at
his own price."
In March, 1929, perhaps in preparation for the coming
storm [October crash --ed], two Morgan banks merged,
the National Bank of Commerce, which, according to the
New York Times had "important foreign connections",
and Guaranty Trust, forming a $2 billion institution. On
Feb. 26, 1929, the New York Times noted, "The
Guaranty Trust has long been known as one of the