ATDTDA (2): J. (P)ierpont Morgan (33.27)

Wed Feb 7 22:10:22 CST 2007

Jay Gould, Morgan's competitor, is also well remembered;

Monday morning it began to rain
Round the bend come a passenger train
On the blinds was Hobo John
He's a good old hobo but he's dead and gone...

Jay Gould's daughter said, Before I die
Daddy, fix the blinds so the bums can't ride
If ride they must, they gotta ride on the rods
Let them put their trust in the hands of God...

Charlie Snyder was a good engineer
Told his firemen not to fear
He said, pour on the water, boys, and shovel on the coal
Stick your head out the window, see the drivers roll...

On 2/6/07, robinlandseadel at comcast.net <robinlandseadel at comcast.net> wrote:
>
> But to return to the start of the Industrial Revolution. At its
> beginning, the ruling powers in Great Britain embarked
> on one of the most sustained efforts to destroy community
> life ever undertaken. From 1770 to 1830 some 3,280
> enclosure bills were passed putting into private hands for
> private gain more than six million acres of commonly-held
> lands. By 1830 not a single country had more than three
> percent of its land open to public use. According to
> historian George Sturt:
>
> "To the enclosure of the commons more than to any other
> cause, may be traced all the changes which have subsequently
> passed over the village. It was like knocking the keystone
> out of an arch."
>
> This control of finite resources, and with it the diminution of
> democracy, was well advanced by 1901 when Morgan and
> Rockefeller, who headed the two main financial groups in
> America, amalgamated 112 corporate directorates, combining
> $22.2 billion in assets - a massive sum in those days. In 1910
> eight financiers, including the host, met in absolute secrecy at
> the private hunting club of J.P Morgan - the Jekyll Island Club
> off the coast of Georgia - "to shoot ducks". News of this meeting
> did not leak for six years, but from then on snippets of information
> were made public. For example, on 18 January 1920, The New
> York Times made a most revealing statement about the Federal
> Reserve System, the basic plan for which those secretive bankers
> had proceeded to draft back in 1910: "The Federal Reserve is the
> fount of credit, not of capital." This meant that Reserve notes, instead
> of being backed by precious metal or other suitable commodity which
> would provide capital funds for the betterment of industry and commerce,
> are backed by paper loaned at interest.
>
> http://www.converge.org.nz/pirm/elite.htm
>
> J.P. Morgan created and controlled Mahonia Ltd., an energy
> trading business. A venture company created in December of
> 1992, Mahonia operated out of the Channel Islands in the UK.
> Sixty percent of its transactions were made with Enron. These
> transactions were originally made by Enron in an attempt to
> defer taxes, but as the company's debt increased, and the energy
> industry continued to experience losses, the transactions became
> a means to finance its operations.
>
> http://www.securitiesfraudfyi.com/jp_morgan.html
>
> The Pervasive Influence of International Bankers
>
> Looking at the broad array of facts presented in the three
> volumes of the Wall Street series, we find persistent
> recurrence of the same names: Owen Young, Gerard
> Swope, Hjalmar Schacht, Bernard Baruch, etc.; the same
> international banks: J.P. Morgan, Guaranty Trust, Chase
> Bank; and the same location in New York: usually 120 Broadway.
>
> http://www.reformation.org/wall-st-ch12.html
>
> At about the same time the Du Ponts were serving the Nazi
> cause in Germany, they were involved in a Fascist plot to
> overthrow the United States government.
>
> "Along with friends of the Morgan Bank and General Motors,"
> in early 1934, writes Higham, "certain Du Pont backers
> financed a coup d'etat that would overthrow the President
> with the aid of a $3 million-funded army of terrorists . . .
> " The object was to force Roosevelt "to take orders from
> businessmen as part of a fascist government or face the
> alternative of imprisonment and execution . . . "
>
> Higham reports that "Du Pont men allegedly held an
> urgent series of meetings with the Morgans," to choose
> who would lead this "bizarre conspiracy." "They finally
> settled on one of the most popular soldiers in America,
> General Smedly Butler of Pennsylvania." Butler was
> approached by "fascist attorney" Gerald MacGuire
> (an official of the American Legion), who attempted
> to recruit Butler into the role of an American Hitler.
>
> "Butler was horrified," but played along with MacGuire
> until, a short time later, he notified the White House of
> the plot. Roosevelt considered having "the leaders of
> the houses of Morgan and Du Pont" arrested, but feared
> that "it would create an unthinkable national crisis in the
> midst of a depression and perhaps another Wall Street
> crash." Roosevelt decided the best way to defuse the
> plot was to expose it, and leaked the story to the press.
>
> "The newspapers ran the story of the attempted coup on
> the front page, but generally ridiculed it as absurd and
> preposterous." But an investigation by the Congressional
> Committee on Un-American Activities - 74th Congress,
> first session, House of Representatives, Investigation of
> Nazi and other propaganda - was begun later that same year.
>
> "It was four years," continues Higham, "before the committee
> dared to publish its report in a white paper that was marked
> for 'restricted circulation.' They were forced to admit that 'certain
> persons made an attempt to establish a fascist organization
> in this country . . . (The) committee was able to verify all the
> pertinent statements made by General Butler.' This admission
> that the entire plan was deadly in intent was not accompanied
> by the imprisonment of anybody. Further investigations
> disclosed that over a million people had been guaranteed to
> join the scheme and that the arms and munitions necessary
> would have been supplied by Remington, a Du Pont subsidiary." (8)
>
> http://emperors-clothes.com/articles/randy/swas1.htm
>
> The fall of Morgan
>
> The middle of XIX century was marked by a railway construction
> boom in America. The railway market was controlled by two
> persons — Cornelius Vanderbilt, who died in 1877 as the
> richest American of that time, and his main competitor,
> Jay Gould, director of Erie Railroad Co. In their struggle against
> each other and the other competitors Guild and Vanderbilt used
> all accessible means from stock market manipulations to armed
> strikes. They say, both kept gangster armies, which plundered
> the competitors' trains and blew up bridges. Their influence was
> so great that even authorities did not attempt to interfere. That
> time thousands of kilometers of railways were laid annually in
> USA, but even the largest railway companies were compelled
> to approach bankers for loans.
> Banker J.P. Morgan became the creditor of the largest American
> railway companies. At the slightest payment delay, Morgan, as
> historians cite, would informed the manager of the company:
> "Now your company belongs to my clients". Often he was his
> own client. As a result, "the railway wars" in USA started to
> fade, and John P. Morgan began to control practically all
> railway companies in the northwest of USA.
> In the beginning, authorities treated Morgan quite loyally as in
> case with Rockefeller, they even addressed him for help, for
> instance, when they needed for him to stop the 1902 miners
> strike in Pennsylvania. However, the same year of 1902
> became a turning point. In the beginning of the year Morgan
> intended to establish Northern Securities Company, which
> would officially possess the railway companies in the northwest
> of USA. Unexpectedly for Morgan, the state has opposed.
> Theodore Roosevelt, referring to the anti-trust law passed in
> 1890, has given the order to the Minister of Justice to begin a
> liquidation process of a newly formed company. When anxious
> Morgan finally met up with Minister of Justice, Philander Nocks
> and reproached government that if it had notified him beforehand
> — then he somehow could have corrected a situation so that
> anti-trust legislation was not infringed, — Nocks answered with
> an unusual frankness: "We do not want to correct a situation,
> we want to for this to be over".
> It wasn't a secret to anybody that Morgan was penalized for
> having a way too profound of an influence on all American life.
> The subject matter "United States against Northern Securities,
> Great Northern Railway, Northern Pacific Railway and
> John P. Morgan" was construed in a rather short time. Toward
> the middle of March the Supreme Court of USA recognized
> establishment of Northern Securities as illegal and dismissed it.
>
> However, this wasn't the end of Morgan's prosecutions,
> authorities went ahead with the execution of an unprecedented
> investigation on the scale of influence by Morgan's company.
> Federal representatives asserted that every string in managing
> the country's leading financial establishments led to J.P. Morgan
> and Co, who accumulated the capital of 25 billion, that at that
> time equaled to two thirds of the US GNP. As well as Rockefeller,
> Morgan wasn't stripped of his wealth, however, his influence was
> profoundly shaken. At the end of 1912, addressing to senatorial
> committee, 75-years Morgan confessed that he "didn't want to
> administrate anything" and that he didn't have any authority even
> within his own company. Soon after J.P.Morgan died.
>
> http://www.kpe.ru/en/481/
>
>
> ". . . .Finally, in Chapter Eleven we examined the roles of the
> Morgan and Chase Banks in World War II, specifically
> their collaboration with the Nazis in France while a major
> war was raging. . . ."
>
> http://reformed-theology.org/html/books/wall_street/chapter_12.htm
>
> As Anthony Sutton notes, Rockefeller
>
> "controlled the copper trust, the smelters trust and the
> gigantic tobacco trust, in addition to having influence
> in some Morgan properties such as the U.S. Steel
> Corporation as well as in hundreds of smaller industrial
> trusts, public service operations, railroads and banking
> institutions. National City Bank was the largest of the
> banks influenced by Standard Oil-Rockefeller, but
> financial control extended to the U.S. Trust Co. and
> Hanover National Bank [and] major life insurance
> companies – Equitable Life and Mutual of New York"
> (Wall Street and the Bolshevik Revolution, 1981).
>
> http://coat.ncf.ca/our_magazine/links/53/rockefeller.html
>
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