Study of the Hegemony of Parasitism - michaeljgoodnight.com

for many years. The music room at Yaddo displays a
large bronze plaque which reads, "George Foster
Peabody, Lover of Men".
Peabody was appointed the first director of the Federal
Reserve Bank of New York in 1914, serving during the
crucial years of World War I, until 1921. He was an
enthusiastic supporter of the Bolshevik Revolution in
Russia, and later became a director of FDR's Warm
Springs Foundation, and the Hampton Institute. Louise
Ware writes in her biography of Peabody, "He (Peabody)
added that the national crisis (World War I), when every
man was needed, should insure the Negro opportunity."
Peabody was chairman of Combustion Engineering
Corp., president of Broadway Realtors, director of
Mexican Lead Co., Mexican Coal & Coke, Mexican
National Railways, Tezuitlan Copper Refining and
Smelting, and served as treasurer of the Democratic
National Party. Despite his "capitalist" background,
Peabody was always an avowed Socialist. Ware notes
that he wrote to Norman Thomas:
"I have always been most sympathetic to individual Socialist aspirations. I
have particularly observed the Fabian System of England with hopeful
anticipations."
This admirer of Fabian Socialism is the man who helped
install the General Education Board as the guiding force
behind all educational developments in the U.S. since
1910.
The Springfield Republican noted, Oct. 1866: