Copied from the Woodrow Wilson paper available online:
May 26.Dear Governor:
I believe I told you that Mr. Paul Warburg had been in conference with Senator Owen and Mr. Untermeyer. I inclose you his answer to their argument in favor of the issuance of currency by the Government. His reasons seem to me to be conclusive. Why venture along uncertain paths when a well known road can be used? For a moment before I left I thought, perhaps, a compromise might be considered, but I doubt whether it would be safe to conceed the least which they would be willing to accept. The situation is a difficult one and I am sorry that I am not near to lend what help I might.Your very faithful,E. M. House
ALS; Wilson Papers, Library of Congress. Link to original postcard here
Let's take this communique and dissect it. I love to dissect things: sentences, animals, messages from un-elected men who hold creepy influence over "elected" officials, etc.
This is a postcard from our ol' pal, Col. House to Woodrow Wilson, whom he called Governor in the year 1913. He's telling President Wilson of a meeting between Paul Warburg, who's really the father of the Fed and Senator Owen of Oklahoma and Samuel Untermyer, well reknown lawyer for our pals the bankster types.
It's May 1913, and the Federal Reserve Act doesn't get passed until Christmas break. So what is going on with it during the month of May that Ed House would be calling it a difficult situation? The argument was over the original Aldrich vision of a central bank vs. the Federal Reserve System. Under the Aldrich Plan, the banks issued the currency and under the newer plan, the government issued the money. If your definition of government is the president appointing a man every 14 years to do the bidding of unseen monied interests. So there was some conflict in getting the Federal Reserve Act passed just the right way. The Elite, as Col. House would be most definietly classified, would be very nervous about getting this just right. It's not everyday you get to hijack a huge country's money supply, thus you wouldn't want any loose ends hanging out there.
For the record, Samuel Untermyer was the lawyer who was the special counsel to the Pujo Committee, which investigated the money trust. Of course it would seem in any committee that investigates our pals the Elites, they always have one of their boys there to "guide" the conversation. Samuel Untermyer was such a person. The Pujo Committee concluded that something needed to be done about the money trust, or the intense interlock between the board directors of all these corporations, which is something I routinely point out in our day. Of course our friends the Elite are there with their hands on the political mechanism to give themselves the desired outcome to this "problem." Not everyone who helped get the Federal Reserve Act passed was a horrible villain, understand. It's easy for us to look back and see how everyone was being played, but not so simple if you were a regular Senator or Congressman who assumed that everyone was like yourself --- at least you loved country no matter your other faults.
So for your consideration, just a snapshot of American history for you to consider and glean what you might.
xposted - The republcian Mother