Taking Back Our Stolen History
Lundberg Publishes an Expose of ‘America’s 60 Families’. “This Defacto Government is… Invisible, Shadowy. It is the Government of Money in a Dollar Democracy.”
Lundberg Publishes an Expose of ‘America’s 60 Families’. “This Defacto Government is… Invisible, Shadowy. It is the Government of Money in a Dollar Democracy.”

Lundberg Publishes an Expose of ‘America’s 60 Families’. “This Defacto Government is… Invisible, Shadowy. It is the Government of Money in a Dollar Democracy.”

Dynasties listed below were included in America’s 60 Families, Ferdinand Lundberg’s 1937 expose on the super-rich. Ferdinand Lundberg used tax records to uncover the often impenetrable financial and political machinations of the 60 Families, effectively publishing a directory of names and occupations of family scions as well as estimates of their fortunes.

“The United States is owned and dominated today by a hierarchy of its sixty richest families, buttressed by no more than ninety families of lesser wealth… These families are the living center of the modern industrial oligarchy which dominates the United States, functioning discreetly under a de jure democratic form of government behind which a de facto government, absolutist and plutocratic in its lineaments, has gradually taken form since the Civil War. This de facto government is actually the government of the United States — informal, invisible, shadowy. It is the government of money in a dollar democracy.”

Families are listed in ranked order (according to 1924 tax records) with their primary sources of wealth.

1 Rockefeller Family Standard Oil
2 Morgan Family J. P. Morgan & Co.
3 Ford Family Ford Motors
4 Harkness Family Standard Oil
5 Mellon Family Aluminum Company
6 Vanderbilt Family NY Central R&R
7 Whitney Family Standard Oil
8 Standard Oil Families Standard Oil
9 Du Pont Family DuPont
10 McCormick Family International Harvester, Chicago Times
11 Baker Family First National Bank
12 Fisher Family General Motors
13 Guggenheim Family American Smelting & Refining Co.
14 Field Family Marshall Field’s
15 Curtis-Boks Family Curtis Publishing Co.
16 Duke Family American Tobacco Company
17 Berwind Family Berwind-White Coal Co.
18 Lehman Family Lehman Brothers
19 Widener Family American Tobacco Company, public utilities
20 Reynolds Family R. J. Reynolds
21 Astor Family Real estate
22 Winthrop Family Miscellaneous
23 Stillman Family Citibank
24 Timken Family Timken
25 Pitcairn Family Pittsburgh Plate Glass Co. (now PPG Industries)
26 Warburg Family Kuhn, Loeb & Co.
27 Metcalf Family Rhode Island textile mills
28 Clark Family Singer Sewing Machine Co.
29 Phipps Family Carnegie Steel
30 Kahn Family Kuhn, Loeb & Co.
31 Green Family Stocks and real estate
32 Patterson Family Chicago Tribune
33 Taft Family Real estate
34 Deering Family International Harvester
35 De Forest Family Corporate law practice
36 Gould Family Railroads
37 Hills Family Railroads
38 Drexel Family J. P. Morgan & Co.
39 Ryan Family Stock market
40 Foster Family Auto parts
41 Johnson Family Victor Phonograph
42 James Family Copper and railroads
43 Nash Family Automobiles
44 Schiff Family Kuhn, Loeb & Co.
45 Patten Family Wheat market
46 Hayden Family Stock market
47 Weber Family Allied Chemical & Dye Corp.
48 Blumenthal Family Lazard
49 Mills Family Mining
50 Friedsam Family Merchandising
51 McLean Family Mining
52 Higgins Family New York real estate
53 Cochran Family Textiles
54 Kirkwood Family
55 Tyson Family
56 Huntington Family Railroads
57 Storrow Family Lee Higginson & Co.
58 Rosenwald Family Sears Roebuck
59 Baruch Family Stock market
60 Kresge Family Merchandising

EXCERPTS:

On the Foundations:

”E.C. Lindeman, the outstanding authority on the internal functioning of foundations, states in his monumental WEALTH AND CULTURE, published in 1936, that his `first surprise was to discover that those who managed foundations and trusts did not wish to have these instruments investigated. Had it occurred to me then,’ he continued, `that it would require eight years of persistent inquiry at a wholly disproportionate cost to disclose even the basic quantitative facts desired, I am sure that the study would have been promptly abandoned.”

On Thomas W. Lamont, mentor to Presidents Wilson and Hoover (page 33):

“An extraordinarily complex and resourceful personality like Thomas W. Lamont, who has been the brains of J.P. Morgan and Company throughout the postwar period and was a mentor of Woodrow Wilson in Wilson’s second administration as well as of President Herbert Hoover throughout his fateful single term in the White House, has exercised more power for twenty years in the western hemisphere, has put into effect more final decisions from which there has been no appeal, than any other person. Lamont has been the First Consul de facto in the invisible directory of postwar high finance and politics, consulted by presidents, prime ministers, governors of central banks, the directing intelligence behind the Dawes and Young Plans. Lamont is Protean; he is a diplomat, an editor, a writer, a publisher, a politician, a statesman an international presence an international presence as well as a financier.”

He explained that Lamont told businessmen in 1915 that America had to promise to enter the Great War so we could bankrupt our allies.

On JP Morgan:

“The Morgan firm and its affiliated commercial banks act, broadly, on behalf of such tremendous accumulations as those of the Vanderbilts, Goulds, Drexels, Wideners, Berwinds, Phippses, Hills, Dukes, Ryans, McCormicks, Bakers, DuPonts, Fishers, Jameses, and Others.’ (p.36)

Lundberg noted the association of Morton Trust Company with the J.P. Morgan interests and said Levi Morton was “long entangled in many shady deals;” and commented on page 66 that Theodore Roosevelt was “a virtuoso at deception” and had the backing of Levi P. Morton, Elihu Root (Pilgrims Society, helped steel magnate, Crown loyalist member Andrew Carnegie organize his dangerous foundations) and Chauncey Depew, Vanderbilt family attorney who helped found The Pilgrims Society. Levi P. Morton, dishonest financial operator, member of the anti-silver Pilgrims Society—

Citing other sources, he stated “H. CLAY PIERCE PUT UP THE MONEY BEHIND (FRANCISCO) MADERO AND STARTED THE REVOLUTION” (the Mexican revolution of 1910)

Lundberg notes on page 225 Avery Rockefeller Senior’s involvement in causing investors $150 million in losses in Anaconda stockas they see-sawed the stock between $40 and $128 in 1928-29, and on page 238, additional losses of $200 million in manipulations of the International Match Corporation.

On the 1912 Presidential Election:

“Throughout the three-cornered fight [Taft-Roosevelt-Wilson] Roosevelt had [Morgan agents Frank] Munsey and [George] Perkins constantly at his heels, supplying money, going over his speeches, bringing people from Wall Street in to help.”

Lundberg noted that “Perkins and J.P. Morgan and Company were the substance of the Progressive Party.” J. Pierpont Morgan was perhaps the most powerful banker in America at the time. New Jersey Governor Woodrow Wilson, on the other hand, was also supported by banking interests, specifically Morgan. With the Republican Party split between Taft and Roosevelt, Wilson won the presidential election.

Wilson proceeded to support the passage of the work of the men who clandestinely met at Jekyll Island two years earlier, and won passage of the Federal Reserve bill in late 1913. Today, most Americans little question the Fed, and assume that the country has to have such a system of printing of a fiat currency.

On FDR’s New Deal:

“The New Deal was neither revolutionary nor radical … [it] was a concession in the face of widespread unrest.”

READ FULL BOOK HERE or PDF Version HERE

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