Prophecy - Part 1
[In this speech, Congressman McFadden correctly predicted the
rise of the global plantation chain stores, and the future part they
would play in enslaving the American people.]
U.S. CONGRESSIONAL RECORD HON. LOUIS T. McFADDEN OF PENNSYLVANIA:
ANALYSIS OF FREEDOM AND PLANNING
Friday, June 8,1934
Mr. McFADDEN. Mr. Speaker, this analysis is divided into two parts,
and represents only a portion of the data I possess showing a well-organized
plan for world control. It is given with a view of furnishing a synopsis
or outline of a hellish conspiracy to enslave and dominate the free peoples
of the earth. There are sufficient facts herein to give the key to the
thoughtful student of our national affairs so that he may be on guard against
the sinister and ambitious Caesars in our midst.
This "political economic plan", as it is also called, was prepared
under the direction of Israel Moses Sieff, an English Jew, the director
of a chain-store enterprise in England called "Marks & Spencer." This
enterprise declared a 40-percent dividend during 1933 and was enabled to
do so by the fact that it had handled almost exclusively all imports from
Soviet Russia, thus being able to undersell established British competitors.
The political economic plan group are a branch of the Fabian Society. In
this connection I wish to quote from a Paris publication, Revue Internationale
des Societes Secretes, under date of January 25, 1931: On the 1st of November
1930, the Evening Standard, an English daily paper, contained the following
lines:
GOVERNMENT BY FABIANS: "Many Labor members are talking about the
dominance in the Government of that very academic body, the Fabian Society.
I find that many people believed that this organization, through which
many intellectuals entered the socialist movement, had ceased to exist.
But it goes on with membership, small but influential - some 5,000.
Yet practically every recent appointment, either to high or low
office, in the Labour administration has been made from the membership
of the society, the latest examples of which are the new Air Minister,
Lord Amulree, and the new Solicitor General, Sir Stafford Cripps. I am
told that at least 90 percent of the members of the Government are in the
rolls of the society, and that, contrary to regulations, so are a good
many highly placed civil servants. The civil servants would probably defend
themselves by saying the society is more intellectual than political.
This ascendancy is, of course, due to the all-powerful influence
of Lord Passfield and his wife, Mrs. Sidney Webb with whom the Fabian Society
has been the passion of their lives. What, therefore, is the Fabian Society,
the members of which, according to the Evening Standard, govern England?
The answer is given us by the society itself in the Basis of the Fabian
Society, which is appended to every book and tract it issues, and it runs
thus: BASIS OF THE FABIAN SOCIETY: 'The Fabian Society consists of Socialists.
It therefore aims at the reorganization of society by the emancipation
of land and industrial capital from individual ownership and the vesting
of them in the community for the general benefit. In this way only can
the natural and acquired advantages of the country be equitably shared
by the whole people.
The society accordingly works for the extinction of private property
in land, with equitable consideration of established expectations, and
due provision as to the tenure of the home and homestead; for the transfer
to the community, by constitutional methods, of all such industries as
can be conducted socially; and for the establishment, as the governing
consideration in the regulation of production, distribution, and service
of the common good instead of private profit.
The society is a constituent of the Labor Party and of the International
Socialist Congress, but it takes part freely in all constitutional movements,
social, economic, and political, which can be guided toward its own objects.
Its direct business is (a) the propaganda of socialism in its application
to current problems; (b) investigation and discovery in social, industrial,
political, and economic relations; (c) the working out of Socialist principles
in legislation and administrative reconstruction; (d) the publication of
the results of its investigations and their practical lesson.
The society, believing in equal citizenship of men and women in
the fullest sense, is open to persons irrespective of sex, race, or creed,
who commit themselves to its aims and purposes as stated above and undertake
to promote its work.'
One cannot refrain from noticing the irony of the words, 'by constitutional
methods,' contained in the above basis. Everyone knows that the Socialist-Bolshevists
of Russia claim to have confiscated and expropriated 'by constitutional
means" which are in reality legalized theft. The society took the name
of Fabian from the policy of temporizing it adopted, claiming to imitate
that of the Roman prodictator Fabius Cunctator, during his fight against
Hannibal, whom he eventually defeated at Tarentum, 209 B.C.'
Frank Podmore, well-known spiritualist and occultist, one of the
founders of the Fabian Society, is quoted as saying to the earliest members:
'For the right moment you must wait, as Fabius did most patiently, when
warring against Hannibal, though many censured his delays; but when the
time comes, you must strike hard, as Fabius did, or your waiting will be
in vain and fruitless."
The Fabian Society waited 40 years, striking a continual series
of covert blows at the political, economic, social, and religious structure
of England, and in 1924 it came to power with the advent of the first labor
government, which can be called the offspring of the Fabian Society. The
period of waiting had been fruitful, if long.
There is no gainsaying that the Fabian Society has been first
and foremost a gathering of intellectuals; it might be said of a rebellious
intelligentsia, whose accomplishments seem the realization of Weishaupt's
dream of masonic illuminism, cleverly combined with Moses Mendelssohn's
dream of Jewish illuminism (Haskalah).
Historically, it was founded in 1883 at the time when, in the
realm of philosophy and metaphysics, the political economy of John Stuart
Mill, in England, and the positivism of Auguste Comte in France had thrown
perturbation in the minds of numerous thinkers and given abundant food
to the free thinkers of the epoch. Henry George's book on socialism, Progress
and Poverty, was in great vogue. The direct influence leading to the formation
of the Fabian Society was, according to E. R. Pease, its historian, exercised
by Thomas Davidson, the founder of the Fellowship of the New Life, which
society culminated in the Ethical Society of Culture in New York. Considerable
impulse was also given to the budding association by its assimilation of
Robert Dale Owen's socialistic principles.
Prophecy - Part 2
It may be of interest to the readers of the R. I. S. S. to remember
the fact that among the earliest members of the Fabian Society who had
participated in the Fellowship of New Life were freemasons and spiritualists,
some becoming later affiliated Madame Blavatsky's Theosophy. The activities
of Frank Podmore in both Masonry, occult and spiritual, and Fabian socialism
are a study of themselves.
Among the intellectuals who joined the Fabian Society soon after
its inception in 1884 was the Irishman, Bernard Shaw, who was elected a
member that year.
At that time the Fabian Society had completely seceded from the
Fellowship of the New Life and formulated its own socialistic program.
The following year Sidney Webb, now Lord Passfield, Minister of the Colonies,
and Sydney Oliver, now Lord Oliver, who has held several government appointments,
were elected members of the Fabian Society. Soon afterward, Mrs. Annie
Besant, the present head of the theosophical movement, also was elected
a member.
Fabian socialism at the outset groped its way along all the beaten
paths of the social revolutionists who had preceded them. It also made
incursions into Babouvism, Marxism, Bakounist anarchism, and the then existing
various social democratic group. Being, however, mainly composed of intellectuals,
bureaucrats, civil servants, journalists, etc., the Fabians, whose fundamental
slogan was the righting of the wrongs of the working class had no keen
desire for riotous street manifestations, and confined their earliest activities
to drawing-room meetings.
It does not enter within the limits of the present sketch to retrace
the history of the Fabian Society, but the point which should be regarded
as of great importance is that out of the drawing-room meetings alluded
to above, there emerged the tactic truly Fabian of temporizing and the
decision taken and followed of penetrating into or, as Bernard Shaw himself
expressed it, "permeating" numerous existing societies with Fabian socialistic
ideas and principles.
This method of penetrating into organizations, political and economic,
and boring from within, gave in time remarkable results. Fabians, mainly
civil servants, easily found their affinities into liberal circles, and,
moreover, owing to their loudly proclaimed socialistic profession of faith,
obtained the confidence of the working classes. They were indeed sitting
on both sides of the fence and recruiting the good will of both liberal
and labor organizations.
The study of Fabianism is one of almost unparalleled opportunism.
Fabians seemed to have formulated no original creed of their own, but were
only animated by an unswerving resolve to get to the top and govern England.
Consequently, they adjusted themselves to whatever was the creed or tenets
of any camp they penetrated into, and by degrees converted its adherents
to a turn of mind designed to procure the advancement of Fabian members
in political, industrial, or educational lines, with the final result that
they secured "key positions." To suit even anarchism, they formed a special
Fabian branch which bore the name of Fabian Parliamentary League.
No field of exploitation seems to have been overlooked by these
Socialist intellectual illuminati:
1). Politics: In politics, their range of activities has been
well defined by one of its leaders, Bernard Shaw, in a paper he read at
a conference in 1892, at Essex Hall. The policy of "permeation" of the
Fabian Society was clearly outlined and much stress laid upon the enumeration
of results already achieved. Within a year of this conference, in January
1893, the Independent Labor Party was formed by the grouping of the local
Fabian societies then in existence. These groups under the leadership of
Keir Hardie, Friedrich Engels (co-worker of Karl Marx) and Marx's daughter,
E. Eveling, had accepted as their code Marxism thus summarized:
"To establish a Socialist state where land and capital will be
held by the community."
On such principles was Russia transformed into Soviet Russia in
1917.
The author of the History of the Fabian Society does not fail
to point it out as the parent society emphasizing the fact that the Marxist
Independent Labor Party was but its offspring. Thus, leading on the one
hand Marxist Socialism, and having, on the other, so permeated the Liberal
Party that they also practically ruled it, the Fabians were soon able to
set about taking part in local elections, and proposing their own candidates
for appointments on school boards, vestry, county councils, women's liberal
federation, liberal and radical unions, etc. They spared no pains in pushing
forward the autonomy of municipalities as well as the various schemes for
national insurance, old-age pensions, tariff reform, employer's liabilities,
workmen's compensation.
Politically also, through their offspring, the Independent Labour
Party, they asserted their defeatist and antipatriotic tenets during the
Boer War 1899-1902, when they expressed their wish "to see the Boers successful
and the British Army driven into the sea."
By 1903 the Independent Labour Party, after 10 years of indefatigable
efforts among the trade unionists, gave its parent, the Fabian Society,
the opportunity and satisfaction of presenting England with a full-fledged
labor party. Up to that time, Fabian candidates had contested and won seats
in Parliament as Liberals. The practice of the policy of interlocking directorates
had never been better evidenced than by the tactics of Fabianism.
The outbreak of the war in 1914 furnished the illuminati of socialism
with the opportunity of manifesting their anti-patriotic feelings much
more openly than they had done during the Boer War. It was then that their
policy of interlocking directorates bore abundant fruit. What one might
call the "melting" property of the Fabian Society became more evident,
for as such it did not create a record of anti-patriotism. That particular
task was intrusted to its members of the Labor Party and the Independent
Labor Party, who took a prominent part in the formation of the "Union of
Democratic Control", which counted the Zionist Jew, Israel Zangwill, among
its leading bandmasters.
The shameful defeatist, pro-German activities of the present Prime
Minister of England, Ramsay MacDonald, Fabian and Laborite during the World
War, and the open support given to bolshevism by his Labor Party have forever
sullied the political honor of England and are a matter of history.
Yet another aspect of Fabianism is the great part it took in the
formation and, later, direction of the League of Nations, which Bernard
Shaw calls "an incipient international government." Fabians have even been
known to revendicate it as one of their creations, but there, at any rate,
they are guilty of overrating their powers, for to all readers of the protocols
of the Wise Men of Zion it is known beyond the shadow of a doubt that the
superstate is a Jewish creation.
Prophecy - Part 3
So far as we know, the Fabians have not laid any claims to the
authorship of the famous protocols written even before the Fabian Society
came into existence. Still it is comparatively easy to conjecture that,
owing to their close connections with such a Sage of Zion as Israel Zangwill,
they may have been led to adopt this deep-rooted idea of his coreligionists.
In other words, the permeating Fabian Society became in its turn permeated
by Jews. However, so far it has consciously or unconsciously failed to
acknowledge that it is nothing more nor less than a tool in the hands of
Judeo-Masonry.
2). Economics: In the realm of the economic, industrial, and financial
life of England the Fabian Society played no lesser a part than in politics.
With its slogan of "progressive policy" it invaded agriculture, preaching
the nationalization of land; in other words, the confiscation of landed
property. (Note: At a lecture given before the Comite National d'Etudes
in Paris by a Fabian, Mr. Noel Buxton, in May 1928, a member of the audience
put it clearly to the orator that the agrarian program of the Labor Party
spelled nothing other than expropriation.) It took on, though subsequently
dropped guild socialism, but carried much weight with trade- unionism and
a kind of syndicalism.
The first blow to industry was struck in Lancashire in 1890, the
stronghold of English industry, with the help of Mrs. A. Besant, as chief
spokesman and agitator. Later the cooperative movement was captured and
Fabianized and subsequently delivered over to the Independent Labour Party
and Labour Party. It is due to the Socialists having been so successful
in conquering industry that during the World War sabotage assumed such
appalling proportions in the munition factories in England.
As to the financial "ideals" of the Fabians, whose basic principle
is the ruin of capitalism, they became realities when taxation of the people
took undue proportions in the shape of income tax, supertax, death duties,
which are to be capped by capital levy. The promised benefits to the working
class to be derived from such schemes as the national health insurance
and workmen's compensation and dole, old-age and widow's pensions, have
proved a myth. Yet they have gone a long way toward furthering the plans
exposed in the "protocols" which aim at reducing to bondage the "Goyim"
rich and poor alike.
3). Education: In the matter of education the Fabian Illuminati
have followed a theory which is none other than that suggested by one of
the souls of Bavarian illuminism, Nicolai, in the eighteenth century. Having
secured posts in the school boards of the country, it became very easy
for Fabian Socialists to instill their educational de-Christianized principles
in the school curriculum. Their attack on religious teaching was subtle
but deadly, as seen in the education bill of 1902. They boast openly of
having in their ranks several Anglican bishops and divines, the list being
headed by Bishop Headlam, one of the earliest Fabians. Eventually they
won, having, as has always been their wont, resorted to intensive propaganda,
generously distributing their tracts and leaflets.
Under Fabian educational schemes come the formation of the educational
groups and of the "nursery", the latter designed as a kind of training
school for very young prospective Socialists. Women's groups were also
formed, the members of which participated in all movements tending to a
fuller feminist emancipation. But by far one of the most important steps
taken by the Fabians along educational lines has been their inauguration
in existing universities of 'University Socialist Societies", which in
1912 were finally grouped by Clifford Allen into the "Universities Socialist
Federation." Fertile seeds of Fabian socialism are also sown at the summer
school organized annually by the society, which E. R. Pease rightly terms
a "propagandist society." The culminating triumph of the Fabians in the
realm of education was the creation of the London School of Economics and
Political Science at the London University, where today one of the chief
lectures is the Jew Socialist, Harold Laski, member of the executive committee
of the Fabian Society and chairman of its publishing committee.
As was suggested already, and as can be seen from the succinct
expos� here given, Fabianism left no field unexplored and unexploited.
For 5O years it has treated England to doses of both pure and diluted Marxism,
mostly diluted, as the English, by the very nature of their steady and
conservative characteristics are not easily aroused to excesses as those
perpetrated by the Paris Communards of 1871. But, on the other hand, they
have been thoroughly permeated and their poisoning has been one of long
process. It is true also to add that the war paved an easy way for the
onward progress of socialism.
The young generations who had still been nurtured in the spirit
of Christian tradition and family conservatism perished on the battlefields
of France. Their virility would no doubt have constituted the barrier of
opposition to this pernicious Fabianism...As to the older generation that
preceded that of the young martyrs falling in the name of patriotism
and honor, they knew little and wanted to know still less, keen on believing
that nothing could ever shake the security of England. How few among them
wanted to understand the Protocols of the Wise Men of Zion, published in
1920, and fight the Christian fight to prevent the full accomplishment
of the fateful Judeo-Masonic program therein contained. A limited effort
was made by a group of Britons which in no time permeated by emissaries
of the powerful enemy and became sick unto death...A noble and steadier
effort made by a group publishing the Patriot, and spasmodic outbursts
of righteousness made by the Morning Post, is all the resistance that England
has been able to oppose to the devastating forces of Judeo-Masonic illuminism;
that is, Fabian socialism.
The results are, to the naked eye, the history of England since
the war, politically and economically. Lloyd George's coalition government
had been kind to socialism, but the real harvest time came when the Labour
Party won the election in 1924 and its members governed or rather misgoverned
England. It needed nothing short of the Bolshevist alliance which MacDonald
wished to force upon the country to provoke the remaining sound reaction
of the English people and prompt them to overthrow the Labour government.
But this show of resistance was ephemeral.
How pitiful it is to know that the return of the Labour Party
to power in May 1929 is entirely due to the incompetence of a conservative
government, in which the people trusted for the sane administration of
the affairs of state. Yet the Prime Minister, leader of the Conservative
Party, Mr. Baldwin, could not claim ignorance of the Judeo-masonic plans
contained in the protocols of the Wise Men of Zion. He found it easier
to deliberately disregard them. Be it as it may, England is once more in
the hands of the Labour Party, with the inevitable and ubiquitous Ramsay
MacDonald, and according to the latest report issued by the society, "Fabians
are members of the Cabinet and 14 others hold offices in the Government
without seats in the Cabinet."
Outside of England the Fabians are affiliated with strong Socialist
groups professing the same ideas - in Copenhagen, in Canada and Australia,
Japan, the United States of America, Spain, and Germany. It is our opinion
that the Fabian Society is in close connection with the French Comite d'Etudes
Nationales, which has already been mentioned to the readers of the R. I.
S. S. and also with the Club du Faubourg, as well as with the Socialist
Party headed by the Jew Leon Blum.
Prophecy - Part 4
Less than 50 years of combined efforts, made by some intellectual
and determined Jews and Masons, has cast over the world a dragnet in which
all the nations of the world have been ensnared, and they are to be the
prey of triumphant Jews.
Surely neither the fanatic illuminatus Nicolai nor his friend
and master, the Jew Mendelssohn, ever conceived a better accomplishment
of their ideals. Yet, judging by the financial and economic situation of
England at the close of 1930, the practical experiments of the Fabian-Socialist-Marxist
theories of the illuminati governing the country have doomed it to irreparable
ruin.
According to the Clarion, a Fabian weekly organ, still more disturbances
are in store for the unhappy English nation. Its Parliament is to be "democratized"
and one, or possibly two, "national assemblies" - one for England, another
for Scotland - will be created. But, and here comes the anomaly which is
nothing short of ludicrous, for Mrs. Sidney Webb, the author of the proposed
Fabian plan, announces that the sovereign power will remain vested in the
King, Lords, and Commons!...
Propaganda will once again come into play to sow disorder in the
already much troubled minds and empty stomachs of a large number of English
people. England as a whole refuses to believe that she is in the grip of
bolshevism because she still sees the image of a throne, not realizing
that this symbol of fallen royal power is kept by the Socialist for commercial
purposes. It cannot be denied that without a court which panders to the
futile snobbism of American women, American dollars would not annually
pour into England. Thus does the English throne which alone is left undisturbed
and unshaken serve several purposes.
It hypnotizes the people into a false feeling of security, it
is also an excellent commercial proposition, and, last but not least, let
us remember that it is at the hands of a sovereign that titles are bestowed,
and Jews and Fabians alike are eagerly seeking such dignities. Lord Melchett,
Marquess of Reading, Lord Passfield, Lord Oliver...such is the ruling aristocracy
of England. Without a king they would have remained Mond, Isaacs, Webb,
Oliver, which emphasizes the need of at least one Socialist kingdom to
serve the various ends of Judeo- masonry which, outside of the lodges where
titles are granted, wants to have its own aristocracy with sonorous titles.
As a last consideration, one fails to see why English economists
and financiers express a too naive astonishment at France's policy of recalling
from England all her gold resources. It needs no violent stretch of imagination
to foresee that at any time such men as MacDonald, Snowden, Henderson,
Webb-Passfield, and so forth, all of them Fabians, might decree the nationalization,
confiscation, and expropriation by Bolshevist constitutional methods of
all public and private property.
Let us not forget that in conjunction with this eventuality, the
insurance companies have already insured themselves against meeting any
claims arising from the loss of insured property in cases of "confiscation
by the state."
During 1931 this group of Fabians - among them Gerald Barry, I.
Nicholson, and Kenneth Lindsay - used a newspaper at that time owned by
Lord Beaverbrook and called "The Week End Review" as a vehicle for their
ideas. It is understood that Beaverbrook, upon becoming familiar with their
plans, disapproved; whereupon they left his paper and continued to publish
their ideas in another on means furnished, according to my informant, by
Mrs. Leonard Elmhirst, formerly Dorothy Willard Straight, nee Whitney.
Sir Basil P. Blackett, governor of the Bank of England, became chairman
of the group in 1931. From this time the organization was called the "political
economic plan." Among other members were Israel Moses Sieff, Sir Henry
Bunbury, Graeme Haldane, I. Hodges, Lady Reading, Daniel Neal, and H. V.
Hodson. Monthly meetings were held, at which Mrs. Elmhirst was present.
Finally the group split on international policy, and Sir Basil P. Blackett
resigned and Israel Moses Sieff became chairman in July 1932. It is said
that since becoming head of the group Sieff has spent �60,000 on
the movement. In the fall of 1932 the following people joined the political
economic plan: Sir Arthur Salter; Sir Oswald Mosely the head of the new
British Union of Fascists; Lord Eustace Percy; Lord Melchett, the son of
the late Alfred Mond; and Sir Christopher Turnor.
The "political economic plan" organization is divided into many
separate, well-organized, and well- financed departments. For instance,
town and country planning; industry; international relations; transport,
controlled by Lord Ashfield; banking; social services, civic division,
chairman, Ronald Davison; and an agricultural department, the head of which
is Leonard Elmhirst, husband of the former Dorothy Willard Straight. Mrs.
Elmhirst manages a school for agriculture on "political economic plan"
lines at Dartington Hall Totnes, Devonshire.
The document Freedom and Planning, heretofore inserted in the
RECORD, is entirely secret and, to the best of my belief, has never before
been published. However, the "political economic plan" has published broadsheets
which in a rather veiled manner treat of some of the subjects dealt with
in the secret document. These broadsheets are intended only for members
and are almost impossible to procure. In a broadsheet dated April 25, 1933,
they define their organization as follows:
A group of people who are actively engaged in production and distribution,
in the social services, in town and country planning, in finance, in education,
in research, in persuasion, and in various other key functions within the
United Kingdom. Emphasizing the secrecy of the organization on the last
page of this broadsheet occurs the following paragraph:
You may use without acknowledgment anything which appears in this
broadsheet on the understanding that the broadsheet and the group are not
publicly mentioned, either in writing or otherwise. This strict condition
of anonymity, upon which the broadsheet goes to you, is essential in order
that the group may prove effective as a nonpartisan organization making
its contributions outside the field of personal or party polemics.
Perhaps the first and only publicity the organization has had
was in the Daily Herald April 28, 1933, which published an article referring
to a private dinner given at the Savoy by the "political economic plan"
on March 29 at which the chairman, Israel Moses Sieff, and the secretary,
Kenneth Lindsay, made speeches. The caption in the Daily Herald was "Mystery
Group Out to Re-Plan British Industry; P. E. P. at Work on New 'Control.'
"
The "political economic plan" group members hold the meetings
in a private room of the House of Commons. One of the first meetings was
held on October 31, 1932, with the cognizance of Prime Minister MacDonald.
Among those present were Malcolm MacDonald, son of the Prime Minister,
J. H. Thomas, Sir Ernest Bennet, Lord Delawarr, Israel Moses Sieff, and
Kenneth Lindsay, the secretary of the "Political Economic Plan."
Prophecy - 5 (Last One)
The American people may feel exceedingly grateful that someone
has shown some degree of patriotic sanity in this respect, and the Ford
Motor Co. has a great many of the smaller business enterprises of the Nation
with them in their stand.
We not only see the hurried and frenzied regimentation of industry
and agriculture in this Nation by means of codes, but we are also witnessing
a most spectacular engagement by government in the private loan field.
Billions of dollars are being used to take over debts and pledge the property
of industry, farmers, and home owners. This paves the way for the day near
at hand when Government corporations will begin to take over and operate
industrial enterprises and land and home organizations. We are on the threshold
of a modern and Machiavellian feudal system devised and controlled by a
group of international usurpers.
It might be well to observe that those who for 15 years have planned
this specific legislation which is now operating to take over and control
the most intimate affairs of our national life must have foreseen the conditions
under which they could make such a plan possible.
Therefore, it is reasonable to assume that they had some direct
part in bringing about the conditions which make it possible to place the
"plan" in operation. There has not been an administration since our
advent into the great World War in which Bernard M. Baruch has not been
a chief political, economic, and financial adviser, and every administration
that has listened to him has carried us deeper and deeper into financial
chaos, and today we are operating on his greatest experiment - a planned
economy and industrial and agricultural control. The Juggernaut has been
built and it is being moved on its cumbersome wheels. It is only a matter
of time until it will give its lurch and roll upon and crush those who
have built it.
Immediately following the World War, Bernard M. Baruch appeared
before a select congressional committee and there testified to the fact
that he virtually had complete control of the resources of the American
Nation during the war. The colloquy with Congressman Jeffries is in part
as follows:
Mr. JEFFRIES. In other words you determined what anybody could
have?
Mr. BARUCH. Exactly; there is no question about that. I assumed
that responsibility, sir, and that final determination rested with me.
Mr. JEFFRIES. What?
Mr. BARUCH. That final determination, as the President said, rested
with me; the determination of whether the Railroad Administration could
have it, or the Allies, or whether General Allenby should have locomotives,
or whether they should be used in Russia, or used in France.
Mr. JEFFRIES. You had considerable power?
Mr. BARUCH. Indeed I did sir.
Mr. JEFFRIES. And all those different lines, really, ultimately
centered in you, so far as power was concerned?
Mr. BARUCH. Yes, sir; it did. I probably had more power than perhaps
any other man did in the war; doubtless that it true.
It is quite safe to assume today that now in coalition with Frankfurter,
Brandeis, Moley, Tugwell, Johnson, Berle, and others of the American group,
Mr. Baruch exercises more power than any man in the United States, if not
in the world. It is a nice little camouflage for him to talk about getting
out of Wall Street and writing the story of his struggling youth. We might
as well look for the stream to run up the mountain.
