Secrets of the Federal Reserve
The history, organization and controlling interests behind the
-- by: Eustace Mullins, 1983, source: Whale.to
MHP hypertext version for non-profit educational use only
7. The Hitler Connection
J.H. Schroder Bank and the financing of Adolf Hitler
The J.H. Schroder Banking Company
Emile Francqui and the Belgian Relief Commission (1914-18)
Herbert Hoover and the U.S. Food Administration (1917-18)
The Financing of Adolf Hitler
Links to the Reagan/Bush Administration (1981-88)
The J.H. Schroder Banking Company
J. Henry Schroder Banking Company is listed as Number 2 in
capitalization in "Capital City"  on the list of the seventeen
merchant bankers who make up the exclusive Accepting Houses
Committee in London. Although it is almost unknown in the United
States, it has played a large part in our history. Like the others
on this list, it had first to be approved by the Bank of England.
And, like the Warburg family, the von Schroders began their banking
operations in Hamburg, Germany.
At the turn of the century, in 1900, Baron Bruno von Schroder
established the London branch of the firm. He was soon joined by
Frank Cyril Tiarks, in 1902. Tiarks married Emma Franziska of
Hamburg, and was a director of the Bank of England from 1912 to
During World War I, J. Henry Schroder Banking Company played an
important role behind the scenes. No historian has a reasonable
explanation of how World War I started. Archduke Ferdinand was
assassinated at Sarajevo by Gavril Princeps, Austria demanded an
apology from Serbia, and Serbia sent the note of apology. Despite
this, Austria declared war, and soon the other nations of Europe
joined the fray.
Once the war had gotten started, it was found that it wasn't easy to
keep it going. The principal problem was that Germany was
desperately short of food and coal, and without Germany, the war
could not go on. John Hamill in "The Strange Career of Mr. Hoover"
 explains how the problem was solved. He quotes from Nordeutsche
Allgemeine Zeitung, March 4, 1915,
"Justice, however, demands that publicity should be given to the
preeminent part taken by the German authorities in Belgium in the
solution of this problem. The initiative came from them and it was
only due to their continuous relations with the American Relief
Committee that the provisioning question was solved."
Hamill points out "That is what the Belgian Relief Committee was
organized for -- to keep Germany in food."
Emile Francqui and the Belgian Relief Commission (1914-18)
The Belgian Relief Commission was organized by Emile Francqui,
director of a large Belgian bank, Societe Generale; and a London
mining promoter, an American named Herbert Hoover.
[Hoover] had been associated with Francqui in a number of scandals
which had become celebrated court cases, notably the Kaiping Coal
Company scandal in China, said to have set off the Boxer Rebellion,
which had as its goal the expulsion of all foreign businessmen from
China. Hoover had been barred from dealing on the London Stock
Exchange because of one judgement against him, and his associate,
Stanley Rowe, had been sent to prison for ten years. With this
background, Hoover was called an ideal choice for a career in
Although his name is unknown in the United States, Emile Francqui
was the guiding spirit behind Herbert Hoover's rise to fortune.
Hamill (on page 156) identifies Francqui as the director of many
atrocities committed against natives in the [Belgian] Congo. "For
every cartridge they spent, they had to bring in a man's hand".
Francqui's frightful record may have been the source for the charge
later leveled against German soldiers in Belgium, that they chopped
off the hands of women and children, a claim which proved to be
Hamill also says that Francqui
"...tricked the Americans out of the Hankow-Canton railroad
concession in China in 1901, and at the same time had 'stood by' in
case Hoover needed any further help in the 'taking' of the Kaiping
coal mines. This is the humanitarian who had sole charge of the
distribution of the Belgian 'relief' during the World War, for which
Hoover did the buying and shipping. Francqui was a director with
Hoover, in the Chinese Engineering and Mining Company (the Kaiping
mines), through which Hoover transported 200,000 Chinese slave
workers to the Congo to work Francqui's copper mines."
Hamill says on page 311 that "Francqui opened the offices of the
Belgian Relief in his bank, Societe Generale, as a one-man show,
with a letter of permission from the German Governor General von der
Goltz dated October 16, 1914."
The New York Herald Tribune of February 18, 1930, quoted by
Congressman Louis McFadden in the House on February 26, 1930, said,
"One of Belgium's two directors on the Bank for International
Settlements will be Emile Francqui of the Societe Generale, a member
of both the Young and Dawes Plan Committees. The board of directors
of the international bank will have no more colorful character than
Emile Francqui, former Minister of Finance, veteran of the Congo and
China . . . he is rated as the richest man in Belgium, and among the
twelve richest men in Europe."
Despite his prominence, The New York Times index mentions Francqui
only a few times during [the] two decades before his death. On
October 3, 1931, The New York Times quoted Le Peuple of Brussels
that Francqui would visit the United States: "As a friend of
President Hoover, Monsieur Francqui will not fail to pay a visit to
On October 30, 1931, The New York Times reported this visit with the
headline, "Hoover-Francqui Talk was Unofficial":
"It was stated that Mr. Francqui spent Tuesday night as a personal
guest of the President, and that they talked of world financial
problems in general, strictly unofficial. Mr. Francqui was an
associate of President Hoover during the latters ministrations in
Belgium during the war. Their visit had no official significance.
Mr. Francqui is a private citizen and not engaged in any official
No reference is made to the Hoover-Francqui business associations
which were the subject of huge lawsuits in London. The Francqui
visit probably involved Hoover's Moratorium on German War Debts,
which stunned the financial world. On December 15, 1931, Chairman
McFadden informed the House of a dispatch in the Public Ledger of
Philadelphia, October 24, 1931, "GERMAN REVEALS HOOVER'S SECRET. The
American President was in intimate negotiations with the German
government regarding a year's debt holiday as early as December,
1930." McFadden continued,
"Behind the Hoover announcement there were many months of hurried
and furtive preparations both in Germany and in Wall Street offices
of German bankers. Germany, like a sponge, had to be saturated with
American money. Mr. Hoover himself had to be elected, because this
scheme began before he became President. If the German international
bankers of Wall Street -- that is Kuhn Loeb Company, J. & W.
Seligman, Paul Warburg, J. Henry Schroder -- and their satellites
had not had this job waiting to be done, Herbert Hoover would never
have been elected President of the United States.
The election of Mr. Hoover to the Presidency was through the
influence of the Warburg Brothers, directors of the great bank of
Kuhn Loeb Company, who carried the cost of his election. In exchange
for this collaboration Mr. Hoover promised to impose the moratorium
of German debts. Hoover sought to exempt Kreuger's loan to Germany
of $125 million from the operation of the Hoover Moratorium. The
nature of Kreuger's swindle was known here in January when he
visited his friend, Mr. Hoover, in the White House."
Not only did Hoover entertain Francqui in the White House, but also
Ivar Kreuger, the most famous swindler of the twentieth century.
When Francqui died on November 13, 1935, the New York Times
memorialized him as
"the copper king of the Congo . . . Mr. Francqui, last year having
gained dictatorial powers over the Belga [Belgian currency],
maintained it on the gold standard during a crisis. In 1891 he led
an expedition into the Congo and gained it for King Leopold. A man
of great wealth, rated among the twelve richest men in Europe, he
secured enormous copper deposits. He was Minister of State in 1926
and Minister of Finance in 1934. It was his pride that he never
accepted a centime of remuneration for his services to the
government. While consul general at Shanghai, he secured valuable
concessions, notably the Kaiping coal mines and the railway
concession for the Tientsin Railroad. He was governor of the Societe
Generale de Belgique, Lloyd Royal Belge, and regent of La Banque
Nationale de Belgique."
The Times does not mention Francqui's business partnerships with
Hoover. Like Francqui, Hoover also refused remuneration for
"government service", and as Secretary of Commerce and as President
of the United States, he turned his salary back to the government.
On December 13, 1932, Chairman McFadden introduced a resolution of
impeachment against President Hoover for high crimes and
misdemeanors, which covers many pages, including violation of
contracts, unlawful dissipation of the financial resources of the
United States, and his appointment of Eugene Meyer to the Federal
Reserve Board. The resolution was tabled and never acted upon by the
In criticizing Hoover's Moratorium of German War Debts, McFadden had
referred to Hoover's "German" backers. Although all of the
principals of "the London Connection" did originate in Germany, most
of them in Frankfurt, at the time they sponsored Hoover's candidacy
for the Presidency of the United States, they were operating from
London, as Hoover himself had done for most of his career.
Also, the Hoover Moratorium was not intended to "help" Germany, as
Hoover had never been "pro-German". The Moratorium on Germany's war
debts was necessary so that Germany would have funds for rearming.
In 1931, the truly forward-looking diplomats were anticipating the
Second World War, and there could be no war without an "aggressor".
Hoover had also carried out a number of mining promotions in various
parts of the world as a secret agent for the Rothschilds, and had
been rewarded with a directorship in one of the principal Rothschild
enterprises, the Rio Tinto Mines in Spain and Bolivia.
Francqui and Hoover threw themselves into the seemingly impossible
task of provisioning Germany during the First World War. Their
success was noted in Nordeutsche Allgemeine Zeitung, March 13, 1915,
which noted that large quantities of food were now arriving from
Belgium by rail. Schmoller's "Yearbook for Legislation,
Administration and Political Economy" for 1916, shows that 1 billion
pounds of meat, 1.5 billion pounds of potatoes, 1.5 billion pounds
of bread, and 121 million pounds of butter had been shipped from
Belgium to Germany in that year.
A patriotic British woman who had operated a small hospital in
Belgium for several years, Edith Cavell, wrote to the Nursing Mirror
in London, April 15, 1915, complaining that the "Belgian Relief"
supplies were being shipped to Germany to feed the German army. The
Germans considered Miss Cavell to be of no importance, and paid no
attention to her, but the British Intelligence Service in London was
appalled by Miss Cavell's discovery, and demanded that the Germans
arrest her as a spy.
Sir William Wiseman, head of British Intelligence, and partner of
Kuhn Loeb Company, feared that the continuance of the war was at
stake, and secretly notified the Germans that Miss Cavell must be
executed. The Germans reluctantly arrested her and charged her with
aiding prisoners of war to escape. The usual penalty for this
offense was three months imprisonment, but the Germans bowed to Sir
William Wiseman's demands, and shot Edith Cavell, thus creating one
of the principal martyrs of the First World War.
With Edith Cavell out of the way, the "Belgian Relief" operation
continued, although in 1916, German emissaries again approached
London officials with the information that they did not believe
Germany could continue military operations, not only because of food
shortages, but because of financial problems. More "emergency
relief" was sent, and Germany continued in the war until November,
Herbert Hoover and the U.S. Food Administration (1917-18)
Two of Hoover's principal assistants were a former lumber shipping
clerk from the West Coast, Prentiss Gray, and Julius H. Barnes, a
grain salesman from Duluth. Both men became partners in J. Henry
Schroder Banking Corporation in New York after the war, and amassed
large fortunes, principally in grain and sugar.
With the entry of the United States into the war, Barnes and Gray
were given important posts in the newly created U.S. Food
Administration, which also was placed under Herbert Hoover's
direction. Barnes became President of the Grain Corporation of the
U.S. Food Administration from 1917 to 1918, and Gray was chief of
Marine Transportation. Another J. Henry Schroder partner, G.A.
Zabriskie, was named head of the U.S. Sugar Equalization Board.
Thus the London Connection controlled all food in the United States
through its grain and sugar "Czars" during the First World War.
Despite many complaints of corruption and scandal in the U.S. Food
Administration, no one was ever indicted. After the war, the
partners of J. Henry Schroder Company found that they now owned most
of Cuba's sugar industry. One partner, M.E. Rionda, was president of
Cuba Cane Corporation, and director of Manati Sugar Company,
American British and Continental Corporation, and other firms. Baron
Bruno von Schroder, senior partner of the firm, was a director of
North British and Mercantile Insurance Company. His father, Baron
Rudolph von Schroeder of Hamburg, was a director of Sao Paulo Coffee
Ltd., one of the largest Brazilian coffee companies, with F.C.
Tiarks, also of the Schroder firm. [63b]
After the war, Zabriskie, who had been sugar czar of the United
States by presiding over the U.S. Sugar Equalization Board, became
the president of several of the largest baking corporations in the
United States: Empire Biscuit, Southern Baking Corporation, Columbia
Baking, and other firms.
As his principal assistant in the U.S. Food Administration, Hoover
chose Lewis Lichtenstein Strauss, who was soon to become a partner
in Kuhn Loeb Company, marrying the daughter of Jerome Hanauer of
Throughout his distinguished humanitarian service with the Belgian
Relief Commission, the U.S. Food Administration, and, after the war,
the American Relief Administration, Hoover's closest associate was
one Edgar Rickard, born in Pontgibaud, France. In "Who's Who", [it]
states that he was "World War administrative assistant to Herbert
Hoover in all war and post-war organizations including the
Commission For Relief in Belgium. He also served on the U.S. Food
Administration from 1914-1924." He remained one of Hoover's closest
friends, and usually the Rickards and Hoovers took their vacations
together. After Hoover became Secretary of Commerce under Coolidge,
Hamill tells us that Hoover awarded his friend the Hazeltine Radio
patents, which paid him one million dollars a year in royalties.
In 1928, "the London Connection" decided to run Herbert Hoover for
president of the United States. There was only one problem; although
Herbert Hoover had been born in the United States, and was thus
eligible for the office of the presidency, according to the
Constitution, he had never had a business address or a home address
in the United States, as he had gone abroad just after completing
college at Stanford. The result was that during his campaign for the
presidency, Herbert Hoover listed as his American address Suite
2000, 42 Broadway, New York, which was the office of Edgar Rickard.
Suite 2000 was also shared by the grain tycoon and partner of J.
Henry Schroder Banking Corporation, Julius H. Barnes.
After Herbert Hoover was elected president of the United States, he
insisted on appointing one of the old London crowd, Eugene Meyer, as
Governor of the Federal Reserve Board. Meyer's father had been one
of the partners of Lazard Freres of Paris, and Lazard Brothers of
London. Meyer, with Bernard Baruch, had been one of the most
powerful men in the United States during World War I, a member of
the famous Triumvirate which exercised unequalled power; Meyer as
Chairman of the War Finance Corporation, Bernard Baruch as Chairman
of the War Industries Board, and Paul Warburg as Governor of the
Federal Reserve System.
A longtime critic of Eugene Meyer, Chairman Louis McFadden of the
House Banking and Currency Committee, was quoted in The New York
Times, December 17, 1930, as having made a speech on the floor of
the House attacking Hoover's appointment of Meyer, and charging that
"He represents the Rothschild interest and is liaison officer
between the French Government and J.P. Morgan." On December 18, The
Times reported that "Herbert Hoover is deeply concerned" and that
McFadden's speech was "an unfortunate occurrence." On December 20,
The Times commented on the editorial page, under the headline,
"McFadden Again": "The speech ought to insure the Senate
ratification of Mr. Meyer as head of the Federal Reserve. The speech
was incoherent, as Mr. McFadden's speeches usually are." As The
Times predicted, Meyer was duly approved by the Senate.
The Financing of Adolf Hitler
Not content with having a friend in the White House, J. Henry
Schroder Corporation was soon embarked on further international
adventures, nothing less than a plan to set up World War II. This
was to be done by providing, at a crucial juncture, the financing
for Adolf Hitler's assumption of power in Germany.
Although any number of magnates have been given credit for the
financing of Hitler, including Fritz Thyssen, Henry Ford, and J.P.
Morgan, they, as well as others, did provide millions of dollars for
his political campaigns during the 1920s, just as they did for
others who also had a chance of winning, but who disappeared and
were never heard from again.
In December of 1932, it seemed inevitable to many observers of the
German scene that Hitler was also ready for a toboggan slide into
oblivion. Despite the fact that he had done well in national
campaigns, he had spent all the money from his usual sources and now
faced heavy debts. In his book "Aggression", Otto Lehmann-Russbeldt
tells us that:
"Hitler was invited to a meeting at the Schroder Bank in Berlin on
January 4, 1933. The leading industrialists and bankers of Germany
tided Hitler over his financial difficulties and enabled him to meet
the enormous debt he had incurred in connection with the maintenance
of his private army. In return, he promised to break the power of
the trade unions. On May 2, 1933, he fulfilled his promise." 
Present at the January 4, 1933 meeting were the Dulles brothers,
John Foster Dulles and Allen W. Dulles of the New York law firm,
Sullivan and Cromwell, which represented the Schroder Bank. The
Dulles brothers often turned up at important meetings. They had
represented the United States at the Paris Peace Conference (1919);
John Foster Dulles would die in harness as Eisenhower's Secretary of
State, while Allen Dulles headed the Central Intelligence Agency for
many years. Their apologists have seldom attempted to defend the
Dulles brothers appearance at the meeting which installed Hitler as
the Chancellor of Germany, preferring to pretend that it never
happened. Obliquely, one biographer Leonard Mosley, bypasses it in
"Dulles" when he states,
"Both brothers had spent large amounts of time in Germany, where
Sullivan and Cromwell had considerable interest during the early
1930's, having represented several provincial governments, some
large industrial combines, a number of big American companies with
interests in the Reich, and some rich individuals." 
Allen Dulles later became a director of J. Henry Schroder Company.
Neither he nor J. Henry Schroder were to be suspected of being
pro-Nazi or pro-Hitler; the inescapable fact was that if Hitler did
not become Chancellor of Germany, there was little likelihood of
getting a Second World War going, the war which would double their
profits. [65b] [65c]
The Great Soviet Encyclopaedia states:
"The banking house Schroder Bros. (it was Hitler's banker) was
established in 1846; its partners today are the Barons von
Schroeder, related to branches in the United States and England."
The financial editor of "The Daily Herald" of London wrote on Sept.
30, 1933 of "Mr. Norman's decision to give the Nazis the backing of
the Bank (of England.)". . John Hargrave, in his biography of
Montagu Norman says,
"It is quite certain that Norman did all he could to assist
Hitlerism to gain and maintain political power, operating on the
financial plane from his stronghold in Threadneedle Street." [Bank
of England --ed]
Baron Wilhelm de Ropp, a journalist whose closest friend was Major
F.W. Winterbotham, chief of Air Intelligence of the British Secret
Service, brought the Nazi philosopher, Alfred Rosenberg, to London
and introduced him to Lord Hailsham, Secretary for War; Geoffrey
Dawson, editor of The Times [of London]; and Norman, Governor of the
Bank of England. After talking with Norman, Rosenberg met with the
representative of the Schroder Bank of London.
The managing director of the Schroder Bank, F.C. Tiarks, was also a
director of the Bank of England. Hargrave says (p. 217):
"Early in 1934 a select group of City financiers gathered in
Norman's room behind the windowless walls, Sir Robert Kindersley,
partner of Lazard Brothers, Charles Hambro, F.C. Tiarks, Sir Josiah
Stamp, (also a director of the Bank of England). Governor Norman
spoke of the political situation in Europe. A new power had
established itself, a great 'stabilizing force', namely, Nazi
Germany. Norman advised his co-workers to include Hitler in their
plans for financing Europe. There was no opposition."
In "Wall Street and the Rise of Hitler", Antony C. Sutton writes:
"The Nazi Baron Kurt von Schroeder acted as the conduit for I.T.T.
money funneled to Heinrich Himmler's S.S. organization in 1944,
while World War II was in progress, and the United States was at war
with Germany." 
Kurt von Schroeder, born in 1889, was partner in the Cologne
Bankhaus, J.H. Stein & Co., which had been founded in 1788. After
the Nazis gained power in 1933, Schroeder was appointed the German
representative at the Bank for International Settlements. The
Kilgore Committee in 1940 stated that Schroeder's influence with the
Hitler Administration was so great that he had Pierre Laval
appointed head of the French Government during the Nazi Occupation.
The Kilgore Committee listed more than a dozen important titles held
by Kurt von Schroeder in the 1940's, including President of Deutsche
Reichsbahn, Reich Board of Economic Affairs, SS Senior Group Leader,
Council of Reich Post Office, Deutsche Reichsbank and other leading
banks and industrial groups. Schroeder served on the board of all
International Telephone and Telegraph (ITT) subsidiaries in Germany.
In 1938, the London Schroder Bank became the German financial agent
in Great Britain. The New York branch of Schroder had been merged in
1936 with the Rockefellers, as Schroder, Rockefeller Inc. at 48 Wall
Street. Carlton P. Fuller of Schroder was president of this firm,
and Avery Rockefeller was vice-president. He had been a behind the
scenes partner of J. Henry Schroder for years, and had set up the
construction firm of Bechtel Corporation, whose employees (on leave)
now play a leading role in the Reagan Administration, as Secretary
of Defense [Weinberger] and Secretary of State [Shultz].
Ladislas Farago, in "The Game of the Foxes" , reported that
Baron William de Ropp, a double agent, had penetrated the highest
echelons [in London] in pre-World War II days, and Hitler relied
upon de Ropp as his confidential consultant about British affairs.
It was de Ropp's advice which Hitler followed when he refused to
Victor Perlo writes, in "The Empire of High Finance":
"The Hitler government made the London Schroder Bank their financial
agent in Britain and America. Hitler's personal banking account was
with J.M. Stein Bankhaus, the German subsidiary of the Schroder
Bank. F.C. Tiarks of the British J. Henry Schroder Company was a
member of the Anglo-German Fellowship with two other partners as
members, and a corporate membership." 
The story goes much further than Perlo suspects. J. Henry Schroder
WAS the Anglo-German Fellowship, the English equivalent of the
America First movement, and also attracting patriots who did not
wish to see their nation involved in a needless war with Germany.
During the 1930's, until the outbreak of World War II, the Schroders
poured money into the Anglo-German Fellowship, with the result that
Hitler was convinced he had a large pro-German fifth column in
England composed of many prominent politicians and financiers.
The two divergent political groups in the 1930's in England were the
War Party, led by Winston Churchill, who furiously demanded that
England go to war against Germany, and the Appeasement Party, led by
Neville Chamberlain. After [the] Munich [conference], Hitler
believed the Chamberlain group to be the dominant party in England,
and Churchill a minor rabble-rouser. Because his own financial
backers, the Schroders, were sponsoring the Appeasement Party,
Hitler believed there would be no war. He did not suspect that the
backers of the Appeasement Party, now that Chamberlain had served
his purpose in duping Hitler, would cast Chamberlain aside and make
Churchill the Prime Minister. It was not only Chamberlain, but also
Hitler, who came away from Munich believing that it would be "Peace
in our time."
The success of the Schroders in duping Hitler into this belief
explains several of the most puzzling questions of World War II. Why
did Hitler allow the British Army to decamp from Dunkirk and return
home, when he could have wiped them out? Against the frantic advice
of his generals, who wished to deliver the coup de grace to the
English Army, Hitler held back because he did not wish to alienate
his supposed vast following in England. For the same reason, he
refused to invade England during a period when he had military
superiority, believing that it would not be necessary, as the
Anglo-German Fellowship group was ready to make peace with him.
The Rudolf Hess flight to England [in 1941] was an attempt to
confirm that the Schroder group was ready to make peace and form a
common bond against the Soviets. Rudolf Hess continues to languish
in prison today, many years after the war, because he would, if
released, testify that he had gone to England to contact the members
of the Anglo-German Fellowship, that is, the Schroder group, about
ending the war. [69b]
[note: Hess died in 1987 --ed]
Links to the Reagan/Bush Administration (1981-88)
If anyone supposes this is all ancient history, with no application
to the present political scene, we introduce the name of John Lowery
Simpson of Sacramento, California. Although he appears for the first
time in "Who's Who in America" for 1952, Mr. Simpson states that he
served under Herbert Hoover on the Commission for Relief in Belgium
from 1915 to 1917; U.S. Food Administration, 1917 to 1918, American
Relief Commission, 1919, and with P.N. Gray Company Company, Vienna,
1919 to 1921. Gray was the Chief of Maritime Transportation for the
U.S. Food Administration, which enabled him to set up his own
shipping company after the war.
Like other Hoover humanitarians, Simpson also joined the J. Henry
Schroder Banking Company (Adolf Hitler's personal bankers) and the
J. Henry Schroder Trust Company. He also became a partner of
Schroder-Rockefeller Company when that investment trust backed a
construction company which became the world's largest, the firm of
Bechtel Incorporated. Simpson was chairman of the finance committee
of Bechtel Company, Bechtel International, and Canadian Bechtel.
Simpson states he was consultant to the Bechtel-McCone interests in
war production during World War II. He served on the Allied Control
Commission in Italy 1943-44. He married Margaret Mandell, of the
merchant family for whom Col. Edward Mandell House was named, and he
backed a California personality [Ronald Reagan], first for Governor,
then for President.
As a result, Simpson and J. Henry Schroder Company now have serving
them as Secretary of Defense, former Bechtel employee Caspar
Weinberger. As Secretary of State they have serving them George
Pratt Schultz, also a Bechtel employee, who happens to be a Standard
Oil heir, reaffirming the Schroder-Rockefeller company ties. Thus
the "conservative" Reagan Administration has a Secretary of Defense
from Schroder Company, a Secretary of State from
Schroder-Rockefeller, and a vice president (George H.W. Bush) whose
father was senior partner of Brown Brothers Harriman.
The Heritage Foundation has also been an important factor in the
policy-making of the Reagan Administration. Now we find that the
Heritage Foundation is part of the Tavistock Institute network,
directed by British Intelligence. The financial decisions are still
made at the Bank of England, and who is head of the Bank of England?
Sir Gordon Richardson, chairman of J. Henry Schroder Co. of London
and New York from 1962 to 1972, when he became Governor of the Bank
of England. The "London Connection" has never been more firmly in
the saddle of the United States Government.
On July 3, 1983, The New York Times announced that Gordon
Richardson, Governor of the Bank of England for the past ten years,
had been replaced by Robert Leigh-Pemberton, Chairman of the
National Westminster Bank. The list of directors of National
Westminster Bank reads like a "Who's Who" of the British ruling
class. They include:
the Chairman, Lord Aldenham, who is also Chairman of Antony Gibbs &
Son, merchant bankers, one of the seventeen privileged firms
chartered by the Bank of England;
Sir Walter Barrie, Chairman of the British Broadcasting System;
F.E. Harmer, Governor of the London School of Economics, the
training school for the international bankers [founded by the Fabian
Socialists --ed], and chairman of New Zealand Shipping Company;
Sir E.C. Mieville, private secretary to the King of England 1937-45;
Marquess of Salisbury, Lord Cecil, Lord Privy Seal (the Cecils have
been considered one of England's three ruling families since the
Lord Leathers, Baron of Purfleet, Minister of War Transport 1941-45,
chairman of William Cory group of companies;
Sir W.H. Coates and W.J. Worboys of Imperial Chemical Industries
(the English DuPont);
Earl of Dudley, chairman British Iron & Steel, Sir W. Benton Jones,
chairman United Steel and many other steel companies;
Sir G.E. Schuster, Bank of New Zealand, East India Coal Company;
A. d'A. Willis, Ashanti Goldfields and many banks, tea companies and
V.W. Yorke, chairman of Mexican Railways Ltd.
Gordon Richardson, former chairman of Schroders with a New York
subsidiary holding Federal Reserve Bank of New York stock, was
replaced by the chairman of National Westminster, with a subsidiary
in New York holding Federal Reserve Bank of New York stock. Robert
Leigh-Pemberton, [also] a director of Equitable Life Assurance
Society (J.P. Morgan), married the daughter of the Marchioness of
Exeter, (the Cecil Burghley family). Thereby, the control of the
London Connection remains constantly in effect.
The list of the present directors of J. Henry Schroder Bank and
Trust shows the continuing international influence since the First
World War. George A. Braga is also director of Czarnikow-Rionda
Company, vice-president of Francisco Sugar Company, president of
Manati Sugar Company, and vice-president of New Tuinicui Sugar
Company. His relative, Rionda B. Braga, is president of Francisco
Sugar Company and vice-president of Manati Sugar Company. The
Schroder control of sugar goes back to the U.S. Food Administration
under Herbert Hoover and Lewis L. Strauss of Kuhn, Loeb, Company
during World War I. Schroder's attorneys are the firm of Sullivan
and Cromwell. John Foster Dulles of this firm was present during the
historic agreement to finance Hitler, and was later Secretary of
State in the Eisenhower administration. Alfred Jaretzki, Jr., of
Sullivan and Cromwell is also a director of Manati Sugar Company and
Francisco Sugar Company.
Another director of J. Henry Schroder is Norris Darrell, Jr., born
in Berlin, Germany, partner of Sullivan and Cromwell, and a director
of Schroder Trust Company. Bayless Manning, partner of the Wall
Street law firm of Paul, Weiss, Rifkind and Wharton, is also a
director of J. Henry Schroder. He was president of the Council on
Foreign Relations from 1971-1977, and is editor in chief of the Yale
Paul H. Nitze, the prominent "disarmament negotiator" for the United
States government, is a director of Schroder's Inc. He married
Phyllis Pratt, of the Standard Oil fortune, whose father gave the
Pratt family mansion as the building which houses the Council on
62. McRae and Cairncross, Capital City, Eyre Methuen, London, 1963
63. John Hamill, The Strange Career of Mr. Hoover, William Faro, New
York, 1931. Copies of Hamill's book were systematically located and
destroyed by government agents, because it was published on the eve
of President Hoover's re-election campaign.
63b. The New York Times noted on October 11, 1923: "Frank C. Tiarks,
Governor of the Bank of England, will spend two weeks here to set up
the opening of the banking house branch of J. Henry Schroder of
64. Otto Lehmann-Russbeldt, Aggression, Hutchinson & Co., Ltd.,
London, 1934, p. 44
65. Leonard Mosley, Dulles, Dial Publishing Co., New York 1978, p.
65b. Ezra Pound,. in an April 18, 1943 broadcast over Radio Rome
stated, ". . .and men in America, not content with this war are
already aiming at the next one. The time to object is now."
65c. The New York Times noted on October 11, 1944:
"Senator Claude Pepper criticized John Foster Dulles, Gov. Dewey's
foreign relations advisor for his connection with the law firm of
Sullivan and Cromwell and having aided Hitler financially in 1933.
Pepper described the January 4, 1933 meeting of Franz von Papen and
Hitler in Baron Schroeder's home in Cologne, and from that time on
the Nazis were able to continue their march to power."
66. The Great Soviet Encyclopaedia, Macmillan, London, 1973, v.2, p.
67. Antony C. Sutton, "Wall Street and the Rise of Hitler", 76
Press, Seal Beach, California, 1976, p. 79
68. Ladislas Farago, The Game of the Foxes, 1973
69. Victor Perlo, The Empire of High Finance, International
Publishers, 1957, p. 177
69b. The following accounts are from The New York Times:
October 21, 1945: "A broadcast over the Luxembourg radio said
tonight that Baron Kurt von Schroeder, former banker who helped
finance the rise of the Nazi party, had been recognized in an
American prison camp and arrested."
November 1, 1945: "British Army Headquarters: Baron Kurt von
Schroeder, 55 year old banker and friend of Heinrich Himmler is
being held in Dusseldorf pending decision on his indictment as a war
criminal, the Military Government official announcement said today."
February 29, 1948, "An immediate investigation was demanded
yesterday by the Society for the Prevention of World War III as to
why the German Nazi banker, Kurt von Schroeder, was not tried as a
war criminal by an allied military tribunal. Noting that von
Schroeder was sentenced last November to three months imprisonment
and fined 1500 Reichsmarks by a German de-nazification court in
Bielefeld, in the British Zone. C. Monteith Gilpin, secretary for
the society said the question should be asked why von Schroeder was
allowed to escape allied justice, and why our own officials have not
demanded that von Schroeder be tried by an Allied military tribunal.
'Von Schroeder is as guilty as Hitler or Goering.'"