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Company, who had become notorious as the man who handed the 

$415,000 bribe to Juan Leguia, son of the President of Peru, in order to 

get the President to accept a loan from J & W Seligman Company. 

There was a great deal of criticism of this appointment, and Mr. 

Roosevelt, in keeping with his new role as defender of the people, sent 

Earl Bailie back to @bringing in New York.

Franklin D. Roosevelt himself was an international banker of ill repute, 

having floated large issues of foreign bonds in this country in the 1920s. 

These bonds defaulted, and our citizens lost millions of dollars, but they 

still wanted Mr. Roosevelt as President. The New York Directory of 

Directors lists Mr. Roosevelt as President and Director of United 

European Investors, Ltd., in 1923 and 1924, which floated many millions 

of German marks in this country, all of which defaulted. Poor’s 

Directory of Directors lists him as a director of The International 

Germanic Trust Company in 1928. Franklin D. Roosevelt was also an 

advisor to the

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Federal International Banking Corporation, an Anglo-American outfit 

dealing in foreign securities in the United States.

Roosevelt’s law firm of Roosevelt and O’Connor during the 1920s 

represented many international corporations. His law partner, Basil 

O’Connor, was a director in the following corporations:

Cuban-American Manganese Corporation, Venezuela-Mexican Oil 

Corporation, West Indies Sugar Corporation, American Reserve 

Insurance Corporation, Warm Springs Foundation. He was director in 

other corporations, and later head of the American Red Cross.