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.

1Rockefeller FamilyStandard Oil
2Morgan FamilyJ. P. Morgan & Co.
3Ford FamilyFord Motors
4Harkness FamilyStandard Oil
5Mellon FamilyAluminum Company
6Vanderbilt FamilyNY Central R&R
7Whitney FamilyStandard Oil
8Standard Oil FamiliesStandard Oil
9Du Pont FamilyDuPont
10McCormick FamilyInternational Harvester, Chicago Times
11Baker FamilyFirst National Bank
12Fisher FamilyGeneral Motors
13Guggenheim FamilyAmerican Smelting & Refining Co.
14Field FamilyMarshall Field’s
15Curtis-Boks FamilyCurtis Publishing Co.
16Duke FamilyAmerican Tobacco Company
17Berwind FamilyBerwind-White Coal Co.
18Lehman FamilyLehman Brothers
19Widener FamilyAmerican Tobacco Company, public utilities
20Reynolds FamilyR. J. Reynolds
21Astor FamilyReal estate
22Winthrop FamilyMiscellaneous
23Stillman FamilyCitibank
24Timken FamilyTimken
25Pitcairn FamilyPittsburgh Plate Glass Co. (now PPG Industries)
26Warburg FamilyKuhn, Loeb & Co.
27Metcalf FamilyRhode Island textile mills
28Clark FamilySinger Sewing Machine Co.
29Phipps FamilyCarnegie Steel
30Kahn FamilyKuhn, Loeb & Co.
31Green FamilyStocks and real estate
32Patterson FamilyChicago Tribune
33Taft FamilyReal estate
34Deering FamilyInternational Harvester
35De Forest FamilyCorporate law practice
36Gould FamilyRailroads
37Hills FamilyRailroads
38Drexel FamilyJ. P. Morgan & Co.
39Ryan FamilyStock market
40Foster FamilyAuto parts
41Johnson FamilyVictor Phonograph
42James FamilyCopper and railroads
43Nash FamilyAutomobiles
44Schiff FamilyKuhn, Loeb & Co.
45Patten FamilyWheat market
46Hayden FamilyStock market
47Weber FamilyAllied Chemical & Dye Corp.
48Blumenthal FamilyLazard
49Mills FamilyMining
50Friedsam FamilyMerchandising
51McLean FamilyMining
52Higgins FamilyNew York real estate
53Cochran FamilyTextiles
54Kirkwood Family
55Tyson Family
56Huntington FamilyRailroads
57Storrow FamilyLee Higginson & Co.
58Rosenwald FamilySears Roebuck
59Baruch FamilyStock market
60Kresge FamilyMerchandising


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.”


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