Robert R. Nathan (Washington, D.C.; has been in and out of many important government jobs since the first Roosevelt Administration)
Emil Rieve (President emeritus of the Textile Workers Union--AFL-CIO)
David Rockefeller (President of Chase Manhattan Bank)
Stanley H. Ruttenberg (Research Director for AFL-CIO)
Charles Sawyer (Cincinnati lawyer, prominent in Democratic Party politics in Ohio)
Earl B. Schwulst (President of the Bowery Savings Bank in New York)
Charles B. Shuman (President of the American Farm Bureau Federation)
Jesse W. Tapp (Chairman of the Board, Bank of America)
John Cameron Thomson (former Chairman of the Board of Northwest Bancorporation, Minneapolis)
Willard L. Thorp (Director of the Merrill Center for Economics at Amherst College)
Theodore O. Yntema (Vice President in Charge of Finance, Ford Motor Company)
William F. Schnitzler (Secretary-Treasurer of AFL-CIO; resigned from the Commission in 1960)
Joseph M., Dodge (Chairman of the Board of Detroit Bank and Trust Co.; resigned from the Commission in 1960)
Beardsley Ruml (well-known and influential new deal economist who held numerous posts with foundations and related organizations; is sometimes called the father of the federal withholding tax law, enacted during World War II; Dr. Ruml died before the Commission on Money and Credit completed its report)
Fred T. Greene (President of the Home Loan Bank of Indianapolis; died before the Commission completed its report)
The director of research for the Commission Was Dr. Bertrand Fox, professor at the Harvard Graduate School of Business Administration. His a.s.sistant was Dr. Eli Shapiro, Professor of Finance at the Ma.s.sachusetts Inst.i.tute of Technology.
Of the 27 persons who served as members of the Commission on Money and Credit, 13 (Wilde, Sonne, Berle, Fleming, Fowler, Lubin, Nathan, Rockefeller, Tapp, Thorp, Yntema, Dodge, Ruml) were members of the Council on Foreign Relations.
In other words, the Commission on Money and Credit was just another tax-exempt propaganda agency of America"s invisible government, the Council on Foreign Relations.
The above discussion of the Commission on Money and Credit, together with the roster of membership, was first published in _The Dan Smoot Report_ dated July 3, 1961.
On September 22, 1961, Mr. Charles B. Shuman, President of the American Farm Bureau Federation, wrote me a letter, saying:
"I was a member of the Commission on Money and Credit but you will notice that I filed very strong objections to several of the recommendations which you brought to the attention of your readers. I do not agree with the Commission recommendations to authorize the President of the United States to vary the rate of income tax. Neither do I agree that the gold reserve requirement should be abandoned. I agree with several of your criticisms of the Report but I cannot agree that "the objective of the Commission on Money and Credit (to finish the conversion of America into a total socialist state, under the dictatorship of whatever proletarian happens to be enthroned in the White House) can be seen, between the lines, in the Commission"s remarks about the formidable problem of unemployment."
"At its worst, it was a compromise of the divergent viewpoint of the conservative and liberal members of the Commission."
I will not argue with Mr. Shuman, an honest and honorable man, about the objective of the Commission; but I will rea.s.sert the obvious: recommendations of the Commission on Money and Credit, if fully implemented, would finish the conversion of America into a total socialist state.
As pointed out before, the various agencies which interlock with the Council on Foreign Relations do not have formal affiliation with the Council, or generally, with each other; but their effective togetherness is revealed by their unanimity of purpose: They are all working toward the ultimate objective of creating a one-world socialist system and making America a part of it.
This ambitious scheme was first conceived and put into operation, during the administrations of Woodrow Wilson, by Colonel Edward M. House, and by the powerful international bankers whom House influenced.
House founded the Council on Foreign Relations for the purpose of creating (and conditioning the American people to accept) what House called a "positive" foreign policy for America--a policy which would entwine the affairs of America with those of other nations until this nation would be sucked into a world-government arrangement.
Colonel House knew, however, that America could not become a province in a one-world socialist system unless America"s economy was first socialized. Consequently, House laid the groundwork for "positive"
domestic policies of government too--policies which could gradually place government in control of the nation"s economy until, before the public realized what was happening, we would already have a socialist dictatorship.
The following pa.s.sages are from pages 152-157 of _The Intimate Papers of Colonel House_:
"The extent of Colonel House"s influence upon the legislative plans of the Administration [Wilson"s] may be gathered from a remarkable doc.u.ment.... In the autumn of 1912, immediately after the presidential election [when Wilson was elected for his first term]
there was published a novel, or political romance, ent.i.tled _Philip Dru: Administrator_.
"It was the story of a young West Point graduate ... who was caught by the spirit of revolt against the tyranny of privileged interests. A stupid and reactionary government at Washington provokes armed rebellion, in which Dru joins whole-heartedly and which he ultimately leads to complete success. He himself becomes a dictator and proceeds by ordinance to remake the mechanism of government, to reform the basic laws that determine the relation of the cla.s.ses, to remodel the defensive forces of the republic, and to bring about an international grouping or league of powers....
"Five years after its publication, an enterprising bookseller, noting the growing influence of House in the Wilson Administration, wrote with regard to the book: "As time goes on the interest in it becomes more intense, due to the fact that so many of the ideas expressed by _Philip Dru: Administrator_, have become laws of this Republic, and so many of his ideas have been discussed as becoming laws.... Is Colonel E. M. House of Texas the author?" ...
"Colonel House was, in truth, the author....
""Philip Dru" ... gives us an insight into the main political and social principles that actuated House in his companionship with President Wilson. Through it runs the note of social democracy reminiscent of Louis Blanc and the revolutionaries of 1848....
"Through the book also runs the idea that in the United States, government is unresponsive to popular desires--a "negative"
government, House calls it....
"The specific measures enacted by Philip Dru as Administrator of the nation, indicated the reforms desired by House.
"The Administrator appointed a "board composed of economists ...
who ... were instructed to work out a tariff law which would contemplate the abolition of the theory of protection as a governmental policy."
""The Administrator further directed the tax board to work out a graduated income tax....
"Philip Dru also provided for the "formulation of a new banking law, affording a flexible currency bottomed largely upon commercial a.s.sets.... He also proposed making corporations share with the government and states a certain part of their earnings....
""Labor is no longer to be cla.s.sed as an inert commodity to be bought and sold by the law of supply and demand."
"Dru "prepared an old age pension law and also a laborer"s insurance law...."
""He had incorporated in the Franchise Law the right of Labor to have one representative upon the boards of corporations and to share a certain percentage of the earnings above the wages, after a reasonable percent upon the capital had been earned. In turn, it was to be obligatory upon them (the laborers) not to strike, but to submit all grievances to arbitration.""
Need it be pointed out that "Louis Blanc and the revolutionaries of 1848," on whom Colonel House patterned his plan for remaking America, had a scheme for the world virtually identical with that of Karl Marx and Frederick Engles--those socialist revolutionaries who wrote the _Communist Manifesto_ in 1848?
In 1918, Franklin K. Lane, Woodrow Wilson"s Secretary of the Interior, in a private letter, wrote, concerning the influence of "Philip Dru" on President Wilson:
"All that book has said should be, comes about.... The President comes to _Philip Dru_, in the end."
The _end_ is a socialist dictatorship of the proletariat, identical with that which now exists in the Soviet Union. We have already "come to" a major portion of Colonel House"s program for us. The unrealized portions of the program are now promises in the platforms of both our major political parties, they are in the legislative proposals of the Administration in power and of its leaders in Congress; they are the objectives of the Council on Foreign Relations, whose members occupy key posts in Government, from the Presidency downward, and who dominate a vast network of influential, tax-exempt "educational" agencies, whose role is to "educate" the Congress and the people to accept the total socialist program for America.