MOORS-MUURS-MOORISCH AMERICAN-ISLAM-RED-GREEN-LOVE-TRUTH-PEACE-FREEDOM-JUSTICE.

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Ch: 13 The 1930’s [SECRETS OF THE FEDERAL RESERVE By Eustace Mullins]

In 1930 Herbert Hoover appointed to the Federal Reserve Board an old friend from World War I days, Eugene Meyer Jr. , who had a long record of public service dating from 1915, when he went into partnership with Bernard Baruch in the Alaska-Juneau Gold Mining Company. Meyer had been a Special Advisor to the War Industries Board on Non-Ferrous Metals (gold, silver, etc.); Special Assistant to the Secretary of War on aircraft production; in 1917 he was
appointed to the National Committee on War Savings, and was made Chairman of the War Finance Corporation from 1918-1926. He then was appointed chairman of the Federal Farm Loan Board from 1927-29. Hoover put him on theFederal Reserve Board in 1930, and Franklin D. Roosevelt created the Reconstruction Bank for Reconstruction and Development in 1946. Meyer must have been a man of exceptional ability to hold so many important posts.

However, there were some Senators who did not believe he should hold any Government office, because of his family background as an international gold dealer and his mysterious operations in billions of dollars of Government
securities in the First World War.  Consequently, the Senate held Hearings to determine whether Meyer ought to be onthe Federal Reserve Board.
At these Hearings, Representative Louis T. McFadden, Chairman of the House Banking and Currency Committee, said:
“Eugene Meyer, Jr. has had his own crowd with him in the government since he started in 1917. His War Finance Corporation personnel took over the Federal Farm Loan System, and almost immediately afterwards, the Kansas City Join Stock Land Bank and the Ohio Joint Stock Land Bank failed.”

REPRESENTATIVE RAINEY: Mr. Meyer, when he nominally resigned as head of the Federal Farm Loan Board, did not really cease his activities there. He left behind him an able body of wreckers. They are continuing his policies and
consulting with him. Before his appointment, he was frequently in consultation with Assistant Secretary of the Treasury Dewey. Just before his appointment, the Chicago Joint Land Stock Bank, the Dallas Joint Stock Land Bank,
the Kansas City Joint Land Stock Bank, and the Des Moines Land Bank were all functioning. Their bonds were selling at par. The then farm commissioner had an understanding with Secretary Dewey that nothing would be done without the consent and approval of the Federal Farm Loan Board. A few days afterwards, United States Marshals, with pistols strapped at their sides, and sometimes with drawn pistols, entered these five banks and demanded that the banks be turned over to them. Word went out all over the United States, through the newspapers, as to what had happened, and these banks were ruined. This led to the breach with the old Federal Farm Loan Board, and to the resignation of three of its members, and the appointment of Mr. Meyer to be head of that Board.

SENATOR CAREY: Who authorized the marshals to take over the banks?
REP. RAINEY: Assistant Secretary of the Treasury Dewey. That started the ruin of all these rural banks, and the Gianninis bought them up in great numbers.”
World’s Work of February 1931, said: “When the World War began for us in 1917, Mr. Eugene Meyer, Jr. was among the first to be called to Washington. In
April, 1918, President Wilson named him Director of the War Finance Corporation. This corporation loaned out 700 million dollars to banking and financial institutions. “The Senate Hearings on Eugene Meyer, Jr. continued:
REPRESENTATIVE MCFADDEN: “Lazard Freres, the international banking house of New York and Paris, was a Meyer family banking house. It frequently figures in imports and exports of gold, and one of the important functions
of the Federal Reserve System has to do with gold movements in the maintenance of its own operations. In looking over the minutes of the hearing we had last Thursday, Senator Fletcher had asked Mr. Meyer, ‘Have you any
connections with international banking?’ Mr. Meyer had answered, ‘Me? Not personally.’ This last question and answer do not appear in the stenographic transcript. Senator Fletcher remembers asking the question and the answer. It
is an odd omission.

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