n November of 1910, after having consulted with Rothschild banks in England, France, and Germany. Senator Nelson Aldrich boarded a private train in Hoboken, New Jersey. His destination was Jekyll Island, Georgia, and a private hunting club owned by J.P Morgan.

Aboard the train were six other men: Benjamin Strong, President of Morgan's BAnkers Trust Company; Charles Norton, President of Morgan's First National Bank of New York; Henry Davidson, senoir partner of J.P Morgan; Frank Vanderlip, President of Kuhn Loeb's National City Bank of New York, A. Platt Andrew, Assistant Secretary of Treasury; and Paul Warburg


The devious planners of the revised bill titled it "Federal Reserve Act" to mask its real nature. It would create a system crontrolled by private individuals who would control the nation's issue of money. Furthermore, the Federal Reserve Board, composed of twelve districts and one director (The Federal Reserve Chairman) would control the nation's financial resources by controlling the money supply and available credit, all by mortgaging the government through borrowing.

Frank Vanderlip