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IPFS News Link • Federal Reserve

Conception of The Fed: The Jekyll Island Club Pictures

The cover story they used was that they were going on a duck hunting trip on Jekyll Island. In a sense this was true, the ducks were the America people. On the evening of November 22, 1910, Sen. Nelson Aldrich(A Rockefeller operative. His daughter married John D. Rockefeller Jr.), A.P. Andrews (Assistant Secretary of the Treasury Department), Paul Warburg (representing Kuhn, Loeb & Co.), Frank A. Vanderlip (president of the National City Bank of New York-a Rockefeller controlled bank), Henry P. Davison (senior partner of J. P. Morgan Company), Charles D. Norton (president of the Morgan-dominated First National Bank of New York), and Benjamin Strong (representing J. P. Morgan), together representing about one fourth the worlds wealth at the time, left Hoboken, New Jersey on a train in complete secrecy, dropping their last names in favor of first names, or code names, so no one would discover who they all were.

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