Wednesday, April 25, 2012

Power Grab: The Aldrich Plan for a Federal Reserve

Above: "The Octopus." Frontispiece of Alfred Owen Crozier's book U.S. Money vs. Corporation Currency: "Aldrich Plan" (Cincinnati, OH: The Magnet Co., 1912).

On 9 January 1912, a Report of the National Monetary Commission headed by Rhode Island Sen. Nelson W. Aldrich presented to the Senate Finance Committee of the U.S. Congress a bill to create a "National Reserve Act" – a plan popularly known as "The Aldrich Plan."

Wikipedia: "It provided for one great central bank, the National Reserve Association, with a capital of at least $100 million and with 15 branches in various sections. The branches were to be controlled by the member banks on a basis of their capitalization. The National Reserve Association would issue [paper] currency, based on gold and commercial paper, that would be the liability of the bank and not of the government. It would also carry a portion of member banks’ reserves, determine discount reserves, buy and sell on the open market, and hold the deposits of the federal government. The branches and businessmen of each of the 15 districts would elect thirty out of the 39 members of the board of directors of the National Reserve Association.

"Aldrich fought for a private monopoly with little government influence, but conceded that the government should be represented on the Board of Directors."

Put into plain English, this was the bill proposing that Congress create a Federal Reserve System – a system that would require every single small-town bank in America to park their reserves with a small and secretive group of bankers from Wall Street who would then "look after" the reserves for the federal government.

Oh, by the way, the same group of Wall Street bankers would have the exclusive right to print paper currency for the United States government, and this bill would also require every single citizen of the United States to pay a personal income tax.

Did we mention that the paper currency or "Federal Reserve Notes" would actually be I.O.U.s or loans, on which the federal government would owe interest to the bankers?

Hmmm. There was a lot to think about in the Aldrich Plan.

After thinking about it for a while, a lot of people (including some pretty rich people, like banker John Jacob Astor IV of New York) decided they didn't much like the sound of the Aldrich Plan. For some reason, something just didn't sound right.

In fact the Aldrich Plan was so controversial that it was splitting the Republican Party right down the middle during an election year. Many Republicans were backing Morgan, Aldrich and their "Money Trust." But just as many liberal Republicans thought that this was a classic case of a "bad" monopoly that would hurt small banks, hurt consumers and hurt the country's economy in general.

These "progressive" Republicans wanted to kill this plan for a banking trust, and they planned to vote for Theodore Roosevelt, a Republican trust buster who had initiated 44 anti-trust lawsuits during his eight years in the White House. In 1902 Roosevelt had busted J.P. Morgan's railroad trust, the Northern Securities Corporation, wide open.

Taft was a trust buster too. In fact, during his four years in the White House, from 1908 to 1912, Taft had brought 90 lawsuits against big business under the Sherman Anti-Trust act. But Taft did not distinguish between "good monopolies" and "bad monopolies" and he was taking a legal stick to any business that looked big.

Taft had also riled the liberal and "progressive" Republicans of his party by backing the Payne-Aldrich Act – a racket that enforced high tariffs for the benefit of Aldrich and his cronies but hurt everyone else.

Among the Republican millionaires on board the RMS Titanic, several were friends and business partners of J.P. Morgan, but they were sick of Aldrich and they had decided to kill the Aldrich Plan. They were on board Morgan's ship, but they were not on board with Morgan's political plans.

In fact, when they got to New York, they were planning to attend the upcoming Republican primaries and to do something about it. They were going to vote Taft and Aldrich down, effectively killing Morgan's plans for a Federal Reserve.

John Jacob Astor was an especially big headache for Morgan. Morgan's group had invested more than $28 million in the Astor Trust, an important New York bank, but Astor was now talking about back-stabbing Morgan and the circle of Wall Street bankers who wanted to be the leaders of the new "National Reserve Association."

How could this problem be fixed?

https://titanicon.blogspot.com/2012/04/power-grab-aldrich-plan-for-federal_25.html?m=1

>>19144625

==Millionaires Who Did Board Titanic

Old Friends of Teddy Roosevelt==

Col. John Jacob Astor IV

Maj. Archibald Butt

Silver Barons opposed to paper currency

Margaret Tobin Brown

Benjamin Guggenheim

Zionist Opposition

Isidor and Ida Straus

Pennsylvanian Railroad and Coal Clique

William and Lucile Carter

John Borland Thayer Jr.

John Borland Thayer III

Canadians

Charles Hays, railroad business rival of Morgan's

Harry Molson

Collateral Damage

Sir Cosmo Duff Gordon and his wife Lucile

William Dulles

Frederick Maxfield Hoyt

Clarence Moore

Countess of Rothes

Emil Taussig

George Dunton Widener and Eleanor

https://titanicon.blogspot.com/2012/04/morgans-enemies-and-rivals-millionaires.html?m=1

>>19144635

Wednesday, April 25, 2012

Battle of the Titans: Taft v Roosevelt

Many of the Republican millionaires on board RMS Titanic were heading home to Philadelphia to participate in the party primary that was being held there from 13 to 16 April 1912.

The Republican Primaries of April 1912 marked the beginning of a deep split in the Republican Party, resulting from a Titanic power struggle between the incumbent President William Howard Taft (Morgan's agent) and former president Theodore Roosevelt(backed by J.J. Astor and other men who had served with Roosevelt in Cuba).

A Vicious Power Struggle within the Republican Party

This was the first year for Republican primaries.

Roosevelt overwhelmingly won the primaries — and yet, through clever maneuvering by Morgan and Taft, he lost the party nomination.

Roosevelt won 9 out of 12 states (8 by landslide margins). Taft won only the state of Massachusetts (by a small margin); he even lost his home state of Ohio to Roosevelt.

Senator Robert M. La Follette, an anti-Morgan reformer who loudly opposed the Aldrich Plan, won two states.

Through the primaries, Senator LaFollette won a total of 36 delegates; President Taft won 48 delegates; and Roosevelt won 278 delegates.

That means Roosevelt won the Republican Party's nomination to run as their candidate for president, right? Wrong!

Dirty Tricks Campaign

Unfortunately for Teddy, 36 states did not hold primaries. Their delegates were chosen by state conventions, which were controlled by party politics, not by the voter. Many of the state delegates were contested.

Taft controlled the Republican National Committee, which had the power to make decisions on contested delegates. They awarded 235 of the contested delegates to Taft and 19 to Roosevelt. As a result, Roosevelt's delegates abstained from voting at his request.

The 1912 National Convention of the Republican Party of the United States was held at the Chicago Coliseum, Chicago, Illinois, from June 18 to June 22, 1912. The party nominated William Howard Taft from Ohio for re-election as President of the United Statesand James S. Sherman of New York for re-election as Vice President.

Sherman died days before the election, and was replaced as Republican vice-presidential nominee by Nicholas M. Butler of New York.

https://titanicon.blogspot.com/2012/04/battle-of-titans-taft-v-roosevelt.html?m=1

>>19144645

Wednesday, April 25, 2012

William Waldorf Astor and the Cliveden Set

William Waldorf Astor was the cousin of Titanic victim John Jacob Astor IV, but he deserves attention for several reasons:

1) He was a business partner of J.J.'s – they built the Waldorf Astoria hotel in New York together.

2) He owned the Pall Mall Magazine and Pall Mall Gazette in London, publications that once employed journalist William T. Stead (another Titanic victim) as their editor.

3) While William T. Stead worked as editor at the Pall Mall Gazette in London, he made the acquaintance of another important person on Mr. Astor's payroll:Alfred Milner, later Lord Milner, the founder of the 1909 Roundtable movement, apowerful group of men identified by many writers as the "invisible government" that secretly runs the governments of Britain and the United States. Lord Milner's group certainly founded the Royal Institute of International Affairs, an influential think tank in London, and theCouncil of Foreign Relations in the United States, a group of ministers who seem to set the foreign policy for both countries without ever having been elected to do so.

4) William Waldorf Astor was an Egyptian rite mason of high degree, and his stories on the subject of Egypt (published in the Pall Mall Magazine), when combined with his clear record of collecting Egyptian antiquities, help to explain why John Jacob Astor IV and his newly wed wife, Madeleine, chose to go to Egypt for their honeymoon. The spring equinox rituals of Isis play an important role in the beliefs of Egyptian rite masons.

5) During the 1920s and the 1930s, William Astor's English mansion, Cliveden, later became the home base of what was known as the Cliveden Set, a group of extremely wealthy and extremely conservative British nationalists who supported Hitler and the rise of fascism in Europe. For the British, they are still a source of much embarrassment and argument: It seems their political powerbase never really went away. British researchers hark back to them for much the same reason that American historians explore President Bush's family history. The political constellations of 1912 help to explain and clarify much of what is going on today.

https://titanicon.blogspot.com/2012/04/william-waldorf-astor-and-cliveden-set.html?m=1

His cousin that was killed by Morgan, joined the Cabal that is running the country and world today.

>>19144718

Wednesday, April 25, 2012

John Jacob Astor IV and the "War of the Currents"

Millions of reasons to kill John Jacob Astor IV—he was killed on the maiden voyage of the Titanic because he opposed the J. P Morgan plan to create the Federal reserve! And HE backed Tesla

1. Astor's huge fortune and financial empire: The Astor Trust

2.Friendship with Nikola Tesla and investments in Tesla's Experiments

1. Business partnerships with J.P. Morgan in Niagara power station schemes

2. War of the Currents (AC vs DC, metered electricity versus free electricity)

3. J.P. Morgan's decision to back Thomas Edison and metered electricity

6.Opposition by Astor, who continues to back Tesla

1. First Wife: Ava Lowle Willing

2. A Nasty Divorce: Yet Another Motive for Murder?

3. Ava remarries in 1911 to an English Baron: Thomas Lister, 4th Baron Ribblesdale

4. J.J. remarries in 1911 to a young beauty: Madeleine Talmadge Force

5. Social scandal convinces the newly weds to get out of town

6. Honeymoon in Egypt

Had to remove link it stated it was spam

>>19144815

Wednesday, April 25, 2012

Egyptian Entourage: The 1912 Discovery of Nefertiti's Tomb

Several of the millionaire victims on board RMS Titanic had recently been on a visit to Cairo, Egypt, and they were on their way to New York after a long time in Cairo. There is strong evidence that they bought Egyptian artifacts and were bringing these antiquities back to the United States with them, either to keep them in private collections or to donate them to public museums (see the entry on Molly Brown's "ushabti" below).

Members of the Egyptian Entourage

John Jacob Astor IV and his wife Madeleine

Margaret Tobin Brown

William T. Stead?

Benjamin Guggenheim? and his mistress?

Henry Clay Frick and his wife Adelaide

J. Horace Harding and his wife

The Main Attraction in 1912: The Tomb of 18th Dynasty Pharaoh Akhenaten and Queen Nefertiti at Tell el-Amarna.

The digs at Amarna were the subject of endless fascination to Victorians and Edwardians thanks to the discovery of the Tell el-Amarna Tablets in 1887. According to the Catholic Encyclopedia, "they contain precious information concerning the history, geography, religion, and language of the predecessors of the Hebrews in Palestine, and, in many cases, illustrate and confirm what we already know from the Old Testament."

To British nationalist hellbent on proving that theEnglish speaking races were one of the Ten Lost Tribes of Israel mentioned in the Bible, this was fascinating stuff. Many of the snobbier members of British and American aristocracy believed that the archaeologists digging in Egypt were on the verge of finding artifacts that wouldprove the theories of British Israelism.

Plus, there was money to be made. Museums were all the rage, and the archaeologists of the day had no scruples about robbing Egyptians tombs wholesale, crating up the artifacts, and carting them back to English and American museums, where they intended to charge public admission even whilst standing on a podium and pontificating on the historical value of their "finds."

On the menu for1912: The Tomb of Queen Nefertiti, mother of King Tuth'mosis (aka "Moses").

"The Nefertiti Bust is a 3300-year-old painted limestone bust of Nefertiti, the Great Royal Wife of the Egyptian Pharaoh Akhenaten and one of the most copied works of ancient Egypt. Due to the work, Nefertiti has become one of the most famous women from the ancient world and as an icon of feminine beauty. The work is believed to have been crafted in 1345 BC by the sculptor Thutmose." – Wikipedia

Discovery of the bust shown above was announced by German archaeologist Ludwig Borchardt on 4 October 1912. This discovery indicates a great deal of digging around the gravesite of Pharaoh Akhenaten must have been taking place during the Spring of 1912, right about the time that John Jacob Astor IV, his wife Madeleine, and their entourage of millionaire friends decided to pay a visit to Cairo.

Given the Astor family's long-standing interest in the Biblical story of Moses being discovered by a Pharaoh's daughteramong the bulrushes (see William Waldor Astor's story "The Pharaoh's Daughter" in the Pall Mall Magazine, which was then edited by William T. Stead), it stands to reason that the Astors made a beeline to Tell el-Amarna to pay a visit to the dig, and stare through their opera glasses at what they believed to be the thrilling sight of their great-great-great-(whatever)-grand-mummy.

Indeed the Astors may have financed the dig, and visited the site to take home some goodies.

One must note that some modern-day experts have recently made the startling claim that thefamous Nefertiti bust is a "fake" – a copy made in 1912to use for testing different kinds of Egyptian pigments.

This raises the very interesting question of what happened to the original?

((https://titanicon.blogspot.com/2012/04/astors-in-egypt-1912-discovery-of.html?m=1c)

>>19144889

This whole thread pieces together the plot of Morgan to create the FED under Taft and how the rich and powerful opposed it totally. It goes on forever with serious details. Including the Jekyll Island gang. Recommended good education and read. Start at the beginning excellent Saturday afternoon reading

( https://titanicon.blogspot.com/2012/04/focus-on-sen-simon-guggenheim-of.html?m=1 )

>>19144889

1/2

Focus On: Sen. Simon Guggenheim of Colorado

Historians of the Titanic disaster often ignore the fact that Benjamin Guggenheim, one of the wealthiest people killed in the Titanic disaster, was the brother of Sen. Simon Guggenheim of Colorado. They care truly, madly, deeply about the fancy clothes that Benjamin was wearing when the boat sank. But reporters and movie makers have carefully ignored his politics and the political connections of his brother, Simon.

Politics are priority No. 1, however, for those who suspect that someone deliberately sank the RMS Titanic as part of a political plot to kill the powerful millionaires on board. For those who harbor such suspicions, a direct relationship between one of the millionaires killed and a key member of the U.S. Senate is highly significant.

The direct relationship of Benjamin Guggenheim to a U.S. senator from Colorado tells us a couple things:

1) The Guggenheims certainly knew Molly Brown and Molly Brown certainly knew the Guggenheims (both families made their fortunes in the silver and gold mines of Leadville, Colorado, and Molly's house on Pennsylvania Street in Denver is only a couple blocks from the house at 1555 Sherman Street, Denver, that was once occupied by Sen. Simon Guggenheim's family).

2) The fact that Benjamin Guggenheim and Molly Brown knew each other well and boarded the Titanic together in Cherbourg, France, strongly suggests that they had not met by accident – they were in league somehow

3) The staunch silence surrounding their association suggests that there is a skeleton buried nearby. Perhaps some powerful third party may have wanted both Benjamin Guggenheim and Molly Brown dead? Sen. Simon Guggenheim makes a reasonable suspect for such a third party. He certainly stood to inherit a fair share of Benjamin Guggenheim's fortune if Benjamin died, and Benjamin's death would certainly have given Simon much more influence and control over the Guggenheim family's massive mining and smelting business. Benjamin would no longer be around to argue with Simon.

4) It is also significant that Simon Guggenheim had a clear motive to kill Margaret Brown. In 1909 Margaret Brown ran for one of Colorado's seats in the U.S. Senate, and that made her, potentially, a real threat to the seat of Simon Guggenheim and his agenda within the Senate. Margaret was moving in the same monied circles as Simon Guggenheim back in Denver, and that meant she was extremely well-informed about him and potentially a danger to him.

5) Finally, last but not least, Sen. Simon Guggenheim, R-Colo., was well known to be a close ally of Sen. Nelson Aldrich of Rhode Island – the Senate majority leader behind the "Aldrich Plan" for a central bank and a Money Trust.

If Simon Guggenheim lost his senate seat, Nelson Aldrich and J.P. Morgan's other agents in the U.S. senate might lose some of the political muscle they needed to ram their bill for a "National Reserve Association" through the House and Senate.

Titanic millionaires conspiring to sink the Aldrich Plan?

This bill, the infamous "Aldrich Plan," had just been sent to Congress in January 1912, and in April 1912 when Titanic sailed, it was still the talk of the town. Everyone knew that it was extremely important to J.P. Morgan to pass this bill. It was worth billions (in fact trillions!) of dollars to Morgan and his friends.

This was the bill that would establish a personal income tax in the United States, and it also proposed that the entire country switch from gold and silver coins to paper currency. It was not exactly the favorite flavor of millionaires who had made their fortunes from gold and silver mining. Sure, a few elite Wall Street banks like J.P. Morgan & Co. would gain complete control over the U.S. currency, but some of the wealthier silver miners were going to take a big hit …

>>19145184

2/3

If Margaret Brown and Benjamin Guggenheim were putting their heads together, looking for ways to make trouble for Simon Guggenheim, Nelson Aldrich and J.P. Morgan, or talking dirt about them in powerful circles, then, voila, what a beautiful motive for murder!

If Margaret Brown and Benjamin Guggenheim were also sitting across the dining table from a few other powerful enemies of the Aldrich Plan (namely John J. Astor and Isidor Strauss) then what we are talking about is a stunningly good reason to sink the entire ship.

This small group of millionaires making casual dinner chat on the Titanic controlled more than $600 million (or $1.8 billion in modern dollars). They had enough money to make very big waves for J.P. Morgan and Nelson Aldrich in the upcoming 1912 election.

John Jacob Astor alone was worth about $150 million and had enough money to alter the course of the 1912 election. The Astor Trust in New York was so connected to all the major bankers in the city that it wasn't funny. When Astor spoke, people listened – and he belonged to more than a dozen elite social clubs.

Were Margaret Brown and Benjamin Guggenheim bending J.J. Astor's ear, spinning stories, dishing out inside information, pitching a plan to J.J.? What political dirt might Margaret and Benjamin have dug up on Sen. Simon Guggenheim and his political partner, Aldrich?

The Dirt on Simon Guggenheim and Nelson Aldrich

Well, it was already well known in 1912 that Simon Guggenheim had bought his senate seat with the help of corrupt cronies in Colorado (see Russell, Charles Edward "What Are You Going to Do About It? Colorado - New Tricks in an Old Game" Cosmopolitan, Vol. 50, December 1910 - May 1911).

Less well known to the public was the fact that Simon Guggenheim had partnered with Sen. Nelson Aldrich of Rhode Island to manipulate stock prices in rubber. The Guggenheim family and Aldrich had invested heavily in the "Rubber Trust" (the Intercontinental Rubber Co.) which was notorious for exploiting slave labor in the Belgian Congo.

With Benjamin Guggenheim present, J.J. Astor had a direct line into all the dirty details. If Astor didn't like the smell of the Aldrich Plan (and there many millionaires who didn't), Benjamin's information might give him enough ammo to sink Aldrich and Simon Guggenheim both.

Why would Benjamin Guggenheim rat out his brother, Simon, and his own family? Well, unlike his brothers, Benjamin may have felt conscience stricken by his family's use of slave labor in Belgian Congo. It was widely reported that he had broken off relations with his family a few years back and moved to Europe because he couldn't stomach the way the Guggenheim family were doing business.

It is very possible, then, that Benjamin would willingly pitch in with J.J. Astor and Margaret Brown in a "progressive" effort to interfere with the Aldrich plan. It might even be possible that their dinner conversation on Titanic centered on an effort to push Simon and Nelson Aldrich out of office.

Would this hurt Morgan? It certainly would. "In other investments, the great Guggenheim combination goes hand-in-hand with the great Morgan combination," says Charles Russell.

Astor was a key player because he had all the inside scoop on J.P. Morgan's dealings with the Rothschild banking family of Europe. JJ's cousin William was certainly in the middle of all the banking talks in London.

As William Astor's employee and press agent, William T. Stead was no slouch either. He had political connections all over the world, especially in New York and London. That's what made him such a widely read correspondent. He knew everyone who counted had interviewed several heads of state and had a good feel for their opinions. … oops continued

>>19145202

3/3

Finally, Isidore Straus was in a position to make very insightful comments on such a political conversation. As a member of New York's powerful Chamber of Commerce and a former congressman for New York who had been a member of the House monetary policy committee, he knew what he was talking about. He knew how Nelson Aldrich's racket worked in Congress and how they had been fixing tariffs and trade for years.

Was Isidore Strauss joining this conversation by accident? Hardly.

==Worth More Dead than Alive=•

Taking into consideration the political backgrounds and interests of this small circle of millionaires, one can easily imagine conversations that might have alarmed J.P. Morgan. One can also see why Nelson Aldrich and Simon Guggenheim might have pressured J.P. Morgan, owner of the Titanic, to send this group of millionaires to the bottom of the Atlantic.

The money at stake in the Aldrich Plan actually exceeded all the money invested in Titanic by a thousand fold. Add to that the amount of money that might be picked up by clever Wall Street men who knew how to profit from the deaths of their rivals, and one begins to see why a practical man like J.P. Morgan might give some serious consideration to simply sinking the Titanic.

>>19145206

I can’t keep posting this entire thread so read for yourselves, I finally understand the Titanic and Jekyll Island connections to the industrialist, including Rothschilds and Vatican

Link below

( https://titanicon.blogspot.com/2012/04/focus-on-sen-simon-guggenheim-of.html?m=1