OTTAWA, May 2, 1934 (CP) -
Abraham Lincoln, the martyred emancipator of the slaves, was
assassinated through the machinations of a group representative of
the international bankers, who feared the United States President's
national credit ambitions - and the plot was hatched in Toronto and
Montreal. This was the information imparted to the House of Commons
committee on banking and commerce Tuesday by Gerald G. McGeer, K.
C., Vancouver lawyer and advocate of Social Credit, during a
five-hour attack upon the present financial system.
discloses that instead of being a patriot, John Wilkes Booth, who
assassinated Lincoln in a Washington theatre, was a mercenary,"
Mr. McGeer declared. Basing his beliefs upon an exhaustive study of
unexpurgated copies of the evidence given by secret service agents
at Booth's trial, he declared the only group that could benefit by
Lincoln's death and who had the money to carry out such a plan, was
the international bankers.
"The South worshipped
Lincoln and looked upon him as the only one who would secure them
justice in defeat. If they wished to kill him they had splendid
opportunities and could have secured a thousand who would do the
job," McGeer said.
Hatched in Canada
"According to the
evidence given at the trial, the plot to assassinate Lincoln was
first disclosed in Montreal and Toronto," Mr. McGeer said.
"A group of men representing the Confederacy were operating in
Canada with headquarters in those cities. During the winter of 1864
and 1865 they were approached by an unknown group with the
proposition to assassinate Lincoln.
"They were not from
the South nor connected with the Southern government, because
representatives of the South in Canada hesitated to consider the
proposal until it had been submitted to the South for approval.
"Booth was engaged to
organize the assassination. It was proposed to the Southern
government as a plot to kidnap Lincoln and hold him as a hostage for
the purpose of bargaining terms of settlement.
Cost No Factor
"In accordance with
this plan a request was made to confer commissions in the Southern
army upon those who were were to engage in the actual kidnapping or
assassination of Lincoln.
"The men responsible
for instigating the crime were unknown, but in evidence given at the
trial they were described as a group which could undertake anything
without regard cost.
"Booth was never a
Southern patriot in the real sense. He was never in the Southern
army, and one of his associates was a deserter from that army.
Lincoln was assassinated one of the men engaged by Booth declared
that he was going away on a visit and that he would return with
plenty of gold.
"Lincoln was wont to
describe the men opposing his greenback currency policy as 'the
secret foes of the Nation'. The battle between Lincoln and the
'sound money' men of the day was well known. In 1864 he was elected
on a platform that contained a plank declaring for national
"Lincoln was the most
powerful reformer of his day. If he had lived he would have
established a national currency system in the United States.
"There was only one
group in the world at that time who could finance anything they
cared to attempt without regard to cost, and who had any reason to
desire the death of Lincoln.
"They were the men
opposed to his national currency programme and who had fought him
throughout the whole Civil War on his policy of green-back currency.
"They were the men
interested in the establishment of the gold standard system and the
right of the bankers to manage the currency and credit of every
nation in the world.
Lincoln out of the way they were able to proceed with that plan and
did proceed with it in the United States. Within eight years after
Lincoln's assassination silver was demonetized and the gold standard
money system set up in United States.
From the Vancouver Daily
Province, Wednesday, May 2, 1934.
McGeer at Ottawa
All the despatches from
Ottawa suggest that Mr. McGeer has achieved a real personal triumph
with his speech before the Commons Committee on Banking and
Currency. By virtue of that single speech he appears to have become
a national figure, as Bryan became a national figure in the United
States through a single speech on a similar topic nearly forty years
The people who haunt the
halls and committee rooms on Parliament Hill and the lounges and
corridors of the Chateau Laurier are practised tasters of speeches.
They live in an atmosphere of public speaking. They are accustomed
to listen to the best Canada can produce and they not infrequently
hear the best from other lands. It is no mean compliment then when
the men sit for six hours listening to the criticisms and theories
and plans of the crusader from the West.
Mr. McGeer has gone far in
the past two or three years, and all through the marvelous energy,
vitality and industry and the native ability stored up in himself.
He was easily the central figure in the session of the Legislature
at Victoria. He turned the Public Accounts Committee from its usual
practice of tracking down petty partisan expenditures to a study of
public finance. He forced his plan through the committee and the
committee report through the Legislature. He was a whole opposition
in himself. For days on end he stole the show from the Premier and
the government. Now, in his single day on Parliament Hill, he has
stolen the show again.
Whatever the answer, the
fact remains that Gerry McGeer has done more, probably, than any
other man to make the monetary question a national issue in Canada.
It is hardly likely he has reformed the ideas of the hard boiled
committee on currency and banking. He probably never expected he
would. But as the prophet of a New Deal in Canada he has got his
plan before the country. He has made criticism which can not be
ignored or treated with contempt. Whether they are right or wrong in
their attacks, Gerry McGeer, Major Douglas and the other honest
critics of the existing monetary system have now gained enough
currency for their criticisms and theories to demand a better answer
than has yet been given by the upholders of things as they
Great McGeer - A
The following excerpts
taken from Judge Rutherford's book, Vindication, pages 168 to
179, said to have appeared over 90 years ago in a St. Louis (Mo.)
magazine, are a most complete and revealing evidence concerning the
National Banking Act of Congress and men connected therewith, and
gives a most excellent outline of the working of the law.
NATIONAL BANKING ACT
"The National Banking
Law of the United States was forced through Congress of the United
States and enacted by Big Business agents. The money lords of
England and America dictated the conditions under which they would
finance the Union because much financing became necessary during the
CiviI War. It is practically certain that the war between the North
and the South was fomented by the money interests of Britain, the
purpose being to divide the States, that the 'Old Mother Country'
might profit thereby. John Sherman of Ohio was then a member of the
United States Congress. . . . From 1860 to 1890 there was scarcely a
great financial measure with which John Sherman was not connected. .
. Rothschild Brothers were then the money kings of Britain. These
money changers conspired with their allies in the United States in
putting through the United States Congress the National Banking Act.
Letters passed between Rothschild Brothers and Ikleheimer, Morton,
and Vandergould, of Wall Street, New York; two of which letters,
together with a circular appearing with them and which relate to the
National Banking Act, are published below:
Rothschild Brothers, Bankers,
London, June 25th, 1863.
Messrs. Ikleheimer, Morton,
No.3 Wall St., New York,
A Mr. John Sherman has written
us from a town in Ohio, U. S. A., as to the profits that may be made
in the National Banking business under a recent act of your
Congress, a copy of which act accompanied his letter. Apparently
this act has been drawn upon the plan formulated here last summer by
the British Bankers Association and by that Association RECOMMENDED
TO OUR AMERICAN FRIENDS as one that if enacted into law, would prove
highly profitable to the banking fraternity throughout the world.
Mr. Sherman declares that there has never been such an opportunity
for capitalists to accumulate money, as that presented by this act,
and that the old plan of State Banks is so unpopular, that the new
scheme will, by contrast, be most favorably regarded,
notwithstanding the fact that it gives the National Banks an almost
absolute control of the National finance. 'THE FEW WHO CAN
UNDERSTAND THE SYSTEM,' HE SAYS, 'WILL EITHER BE SO INTERESTED IN
ITS PROFITS, OR SO DEPENDENT OF ITS FAVORS THAT THERE WILL BE NO
OPPOSITION FROM THAT CLASS, WHILE ON THE OTHER HAND, THE GREAT BODY
OF PEOPLE, MENTALLY INCAPABLE OF COMPREHENDING THE TREMENDOUS
ADVANTAGES THAT CAPITAL DERIVES FROM THE SYSTEM, WILL BEAR ITS
BURDENS WITHOUT COMPLAINT AND PERHAPS WITHOUT EVEN SUSPECTING THAT
THE SYSTEM IS INIMICAL TO THEIR INTERESTS.'
Please advise fully as to
this matter and also state whether or not you will be of assistance
to us, if we conclude to establish a National Bank in the City of
New York. If you are acquainted with Mr. Sherman (he appears to have
introduced the Banking Act) we will be glad to know something of
him. If we avail ourselves of the information he furnished, we will,
of course, make DUE COMPENSATION."
"Awaiting your reply,
"New York City, July
Brothers, London, England
" We beg to acknowledge
the receipt of your letter of June 25th, in which you refer to a
communication received from the Hon. John Sherman of Ohio, with
reference to the advantages and profits of an American investment
under the provisions of our National Banking Act.
"The fact that Mr.
Sherman speaks well of such an investment or of any similar one, is
certainly not without weight, for that gentleman possesses in a
marked degree the distinguishing characteristics of the successful
financier. His temperament is such that whatever his feelings may be
they never cause him to lose sight of the MAIN CHANCE. He is young,
shrewd, and ambitious. He has fixed his eyes upon the Presidency of
the United States and is already a member of Congress. He rightfully
thinks he has everything to gain both politically and financially
(he has financial ambitions, too) by being friendly with men and
institutions having large financial resources, and which at times,
are not too particular in their METHODS, either of obtaining
government aid, or of protecting themselves against unfriendly
legislation. We trust him here implicitly. His intellect and
ambition combine to make him exceedingly valuable to us, indeed, we
predict that if his life is spared, he will prove to be the best
friend the moneyed interests of the world have ever had in America.
"As to the
organization of a National Bank here, and the nature and profits of
such an investment, we beg leave to refer to our printed circular
enclosed herein. Inquiries by European capitalists, concerning this
matter, have been so numerous, that for convenience, we have had our
views with regard to it put into printed form.
"Should you determine
to organize a bank in the City, we shall be glad to aid you. We can
easily find financial friends to make satisfactory directory, and to
fill official positions not taken up by the personal representatives
you will send over.
"Your most obedient
"IKLEHEIMER, MORTON, AND
* This latter letter, in
the paragraph next to the last, mentions a circular enclosed, and
which circular is inserted here.
Brokers, Financial Agents, etc.
"3 Wall Street, New York
"We have had so many
inquiries of late as to the method of organizing national banks
under the recent act of Congress, and as to the profits that may
reasonably be expected from such an investment, that we have thought
it best to issue this brief circular as an answer to all questions
of our friends and clients:
"1 - Any number of
persons, not less than five, may organize a national banking
"2 - Except in cities
having 6,000 inhabitants or less, a national bank can not have less
than $1,000,000 capital.
"3 - They are private
corporations organized for private gain, and select their own
officers and employees.
"4 - They are not subject
to the control of the state laws, except as congress may from time
to time provide.
"5 - They can receive
deposits and loan the same for their own benefit.
"6 - They can buy and
sell bonds, and discount paper and do a general banking business.
"7 - To start a national
bank on the scale of $1,000,000 will require the purchase of that
amount (par value) of U.S. Government bonds.
"8 - U. S. Government
bonds can now be purchased at 50 per cent discount, so that a bank
of $1,000,000 capital can be started at this time with only
"9 - These bonds must be
deposited with the U. S. Treasury at Washington as security for the
national Bank currency, that on the making of the deposit will be
furnished by the government to the bank.
"10 - The U.S. Government
will pay 6% interest on the bonds, in gold, the interest being paid
semi-annually. It will be seen that at the present price of bonds,
the interest paid by the government itself, will of itself amount to
12 per cent in gold, on all the money invested.
"11 - The U. S.
Government, under the provisions of the national banking act, on
having the bonds aforesaid deposited with its treasurer, will on the
strength of such security, furnish national currency to the bank
depositing the bonds, at an annual interest of only ONE per cent per
annum. Thus the deposit of $1,000,000 will secure the issue of
$900,000 in currency.
"12 - This currency is
printed by the U. S. Government in a form so like greenback money,
that many people do not detect the difference, although the currency
is but a promise of the bank to pay - that is, it is the bank's
demand note, and must be signed by the Bank's president before it
can be used.
"13 - The demand for
money is so great that this currency can be readily loaned to the
people across the counter of the bank at a discount at the rate of
10 per cent at 30 days' to 60 days' time, making it about 12 per
cent interest on the currency.
"14 - The interest on the
bonds, plus the interest on the currency which the bonds secure,
plus incidentals of the business ought to make the gross earnings of
the bank amount to from 28 to 33.3 per cent. The amount of the
dividends that may be declared will depend largely upon the salaries
of the officers that the banks vote themselves, and the character
and rental charges of the premises occupied by the bank as a place
of business. In case it is thought best that the showing of profits
should not appear too large, the now common plan of having the
directors buy the bank buildings and then raising the rent and
salary of the president and cashier may be adopted.
"15 - National banks are
privileged to either increase or contract their circulation at will,
and, of course, can grant or withhold loans as they may see fit. As
the banks have a national organization, and can easily act together
in withholding loans or extending them, it follows that they can by
united action in refusing to make loans, cause a stringency in the
money market and in a single week or even in a single day cause a
decline in all the products of the country. The tremendous
possibilities of speculation involved in this control of the money
of a country like the United States will be at once understood by
"16 - National banks pay
no taxes on their bonds, nor on their capital, nor on their
deposits. This exemption from taxation is based on the theory that
the capital of these banks is invested in U.S. securities and is a
remarkable permission of the law.
"17 - The secretary may
deposit the public money with any bank at will, and to any amount:
In the suit of Mr. Branch against the United States, reported in the
12th volume of the U. S Court of Claims Reports on Page 287, it was
decided that such Government deposits are rightfully mingled with
other funds of the bank and are loaned or otherwise employed in the
ordinary business of the bank, and the bank becomes the debtor of
the United States as it does to other depositors.
Requesting that you will
regard this as strictly confidential, and soliciting any favors in
our line that you may have to extend, we are,
The reader may draw his own
conclusions as to how much aid the selfish bankers had from their
political allies in the United States. And the letters seem to show
plainly where the scheme was "hatched,' and RECOMMENDED to
Congress ... another wonderful scheme from England and the House of
"Once a nation parts
with the control of its currency and credit, it matters not who
makes the laws.
"Usury once in control
will wreck any nation.
"Until the control of
the issue of currency and credit is restored to government and
recognized as its most conspicuous and sacred responsibility, all
talk of the sovereignty of Parliament and of Democracy is idle and
The Right Honourable
Prime Minister of Canada