Boston Bankers

Many people make a lot of money in war. In WWII we know that Prescott Bush was involved with Brown Bros. Harriman in a trading with the enemy lawsuit. The Bush family is not even close to the top of this food chain that includes agents like the Rockefellers and the likes of Chase Manhattan Bank which I dealt with in my book on Custer, Keogh and Lincoln's Assassination through Samuel Chase. That was the Civil War and I am now addressing the War of 1812. I find the same families show up over and over again however. The funny thing is we have a group called the Peace Faction that seemed against the war and yet the result from their efforts put more money in the hands of these bankers that are now called the Beacon Hill Mob and include such upstanding people as the group known as The Pilgrims. There is so much intrigue it is hard to wade through it all and I am sure some readers will not choose to check into it all. I certainly cannot lay it all before you in any one book.

"From the beginning of the war the government was compelled to ask for loans, and the Peace Faction made such persistent opposition, for the purpose of embarrassing the administration, that in every case a bonus was paid for all sums borrowed. In January, 1813, a loan of $16,000,000 was authorized. It was obtained principally from individuals at the rate of $88 for a certificate of stock for $100, by which lenders received $2,100,377 as a bonus on that small loan. In August the same year a further loan of $7,500,000 was authorized; and in March, 1814, a loan of $25,000,000 was authorized. This was the darkest hour of the war, and then it was that the Peace Faction at political meetings, through the press, and even from the pulpit, cast every obstacle in the way of the government. That opposition now assumed the form of virtual treason.

The government was weak and in great need, and its internal enemies knew it, and in proportion to its wants they became bolder and more outspoken. Their denunciations of the government, and those who dared to lend it a helping hand, were violent and effective. By inflammatory and threatening publications and personal menaces, they intimidated many capitalists. 2

The result was, that only $11,400,000 of the proposed loan were raised in the spring of 1814, and this by paying a bonus of $2,852,000, terms so disastrous that only one more attempt was made to borrow money during the war, the deficiency being made up by the issue of treasury notes to the amount of $18,452,000. Over this failure of the government these unpatriotic men rejoiced. One of them, writing from Boston in February, 1815, said, exultingly, 'This day $20,000 six per cent stock was put up at auction, $5000 of which only was sold for want of bidders, and that at forty per cent, under par.

As for the former war loan, it would be considered little short of an insult to offer it in the market, it being a very serious question who is to father the child in case of national difficulties.' The last expression referred to the hopes of the conspirators that a dissolution of the Union would be brought about by the body known in history as the Hartford Convention, which had adjourned, to meet again if necessary ? a body of men inspired by motives and actions too lofty to be comprehended by the vulgar politicians who were the leaders of the Peace Faction of that day." (12)

Author of Diverse Druids
Columnist for The ES Press Magazine
Guest 'expert' for World-Mysteries.com

---

Dole, Kemp, Trusting People

Many in the peanut gallery of society are so quick... Read More

Victims of Child Support

"Similar to Medieval Inquisitions, judges have been given the authority,... Read More

Joseph Campbell - Permanent Human Values

At the start of the US involvement in WWII Joseph... Read More

The Revolt of the Poor: The Demise of Intellectual Property?

Three years ago I published a book of short stories... Read More

Environmentalists Say GM Seeds are Bad News

Environmentalists say GM Seeds are bad for the environment, dangerous... Read More

Defending Middle Eastern Oil Refineries and Assets

An idea to defend oil infrastructure in the Middle East... Read More

Workmens Compensation Lawyers, Lets Raise Minimum Wage; No Lets Not, Say We Did, We Have

The debate to raise minimum wage in California is totally... Read More

Adminstration of E-Business Taxation

The entry by telephone and cable companies into the Internet... Read More

Hawala, or The Bank That Never Was

I. OVERVIEWIn the wake of the September 11 terrorist attacks... Read More

Stopping a Nuclear Bomb on a Hydrofoil

The US Homeland Security is worried about Hydrofoil or Skimmer... Read More

Upcoming Palestinian Elections Might Put Extremists In Power

The Palestinian Fatah Movement is doing whatever it can to... Read More

Make Plastic Out of Corn

Here is an interesting thought; Corn to make Plastic An... Read More

Conservation of Water in Big Cities

Water Conservation in larger cities is less of an issue... Read More

An ROI on National Security

Do you find it interesting that people complain about the... Read More

Is The Bill Of Rights Necessary?

The Bill of Rights to our Constitution caused -- and... Read More

Howard Deans Big Fat Mouth

"The only time I open my mouth is when I... Read More

The Protocols of Sion #1

There is a lot of debate about who made the... Read More

Should the Government Compensate the Clients of TAT?

This, of course, is a political decision. There is no... Read More

Monetary Flows, Consumer Debt, Policy, Trade Deficit and Reality

America has some monetary issues, which need to be addressed.... Read More

Fight Terror, With Education

A War on Terrorism? Conventional war being brought on an... Read More

Watergate Scandal

On June 16, 1972, a security guard at the Watergate... Read More

Alternative to Land Mines in Middle East

With the recent threats from Bin Laden and Al Queda... Read More

Telemarketing and Job Losses

Telemarketing and DO NOT CALL lists sure made headlines, but... Read More

Problems in the Media

I am noticing an increasing and alarming rate to which... Read More

Bringing Back Mining Jobs to the United States

With new environmental technologies and modern efficiency methods in mining... Read More

A Cheap Holiday in Other Peoples Misery (catching up with Mordechai Vanunu in Israel)

One of my favourite pieces of music is the Sex... Read More

Mexico; Look What We Did

The number-one question people ask us is, "What possessed you... Read More

Federal Trade Commission Partnerships Questioned

In many reports we see that the Federal Trade Commission... Read More

Belly Full of the Clintons [Political View]

As I read the papers and watch the news day... Read More

Are We Serious About Fuel Alternatives?

As you can see from some of our previous articles,... Read More

Question Authority

Policemen in many US cities are taking their new authority... Read More

Companies, Consumer and Cost of Fuel

Which companies are most affected by fuel? Who really bears... Read More

The Wage-Productivity Gap

The most damaging factor to our economy today is the... Read More