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Industries Board, and Paul Warburg as Governor of the Federal Reserve 

System.

A longtime critic of Eugene Meyer, Chairman Louis McFadden of the 

House Banking and Currency Committee, was quoted in The New York 

Times, December 17, 1930, as having made a speech on the floor of 

the House attacking Hoover’s appointment of Meyer, and charging 

that "He

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represents the Rothschild interest and is liaison officer between the 

French Government and J.P. Morgan." On December 18, The Times 

reported that "Herbert Hoover is deeply concerned" and that 

McFadden’s speech was "an unfortunate occurrence." On December 

20, The Times commented on the editorial page, under the headline, 

"McFadden Again", "The speech ought to insure the Senate ratification 

of Mr. Meyer as head of the Federal Reserve. The speech was 

incoherent, as Mr. McFadden’s speeches usually are." As The Times 

predicted, Meyer was duly approved by the Senate.

Not content with having a friend in the White House, J. Henry Schroder 

Corporation was soon embarked on further international adventures, 

nothing less than a plan to set up World War II. This was to be done by 

providing, at a crucial juncture, the financing for Adolf Hitler’s 

assumption of power in Germany. Although any number of magnates 

have been given credit for the financing of Hitler, including Fritz 

Thyssen, Henry Ford, and J.P. Morgan, they, as well as others, did 

provide millions of dollars for his political campaigns during the 1920s, 

just as they did for others who also had a chance of winning, but who 

disappeared and were never heard from again. In December of 1932,