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being a British agent, which was unfair. Page was merely a bankers’ 

agent.

On March 5, 1917, Page sent a confidential letter to Wilson. "I think that 

the pressure of this approaching crisis has gone beyond the ability of 

the Morgan Financial Agency for the British and French Govern-

__________________________

* 1787 Constitutional Convention

* NOTE: Emmett Tyrell, Jr., Richmond Times Dispatch, Feb. 15, 1983 

"Every peace movement of this century has been followed by war."

83

ments . . . The greatest help we could give the Allies would be a credit. 

Unless we go to war with Germany, our Government, of course, 

cannot make such a direct grant of credit."

The Rothschilds were wary of Germany’s ability to continue in the war, 

despite the financial chaos caused by their agents, the Warburgs, who 

were financing the Kaiser, and Paul Warburg’s brother, Max, who, as 

head of the German Secret Service, authorized Lenin’s train to pass 

through the lines and execute the Bolshevik Revolution in Russia. 

According to Under Secretary of the Navy, Franklin D. Roosevelt, 

America’s heavy industry had been preparing for war for a year. Both 

the Army and Navy Departments had been purchasing war supplies in 

large amounts since early in 1916. Cordell Hull remarks in his Memoirs:

"The conflict forced the further development of the income-tax 

principle. Aiming, as it did, at the 

 

one great untaxed source of 

revenue, the income-tax law had been enacted in the nick of time to