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majority on it during that President’s term of office. Garrison also 

wrote in this book,

"Paul Warburg is the man who got the Federal Reserve Act together 
after the Aldrich Plan  aroused such nationwide resentment and 
opposition. The mastermind of both plans was Baron Alfred 
Rothschild of London."

Colonel Edward Mandell House* was referred to by Rabbi Stephen 
Wise in his autobiography, Challenging Years as "the unofficial 
Secretary of State". House noted that he and Wilson knew that in 

passing the Federal Reserve Act, they had created an instrument 
more powerful than the Supreme Court. The Federal Reserve Board 
of Governors actually comprised a Supreme Court of Finance, and 
there was no appeal from any of their rulings.

In 1911, prior to Wilson’s taking office as President, House had 
returned to his home in Texas and completed a book called Philip 

Dru, Administrator. Ostensibly a novel, it was actually a detailed 
plan for the future government of the United States, "which would 
establish Socialism as dreamed by Karl Marx", according to House. 

This "novel" predicted the enactment of the graduated income tax, 
excess profits tax, unemployment insurance, social security, and a 

flexible currency system. In short, it was the blueprint which was later 
followed by the Woodrow Wilson and Franklin D. Roosevelt 

administrations. It was published "anonymously" by B. W. Huebsch of 
New York, and widely circulated among government officials, who 

were left in no doubt as to its authorship. George Sylvester 

Viereck**, who knew House for years, later wrote an account of the 
Wilson-House relationship, The Strangest Friendship in History.14 In 

1955, Westbrook Pegler, the Hearst columnist from 1932 to 1956, 
heard of the Philip Dru book and called Viereck to ask if he had a 

copy. Viereck sent Pegler his copy of the book, and Pegler wrote a 
column about it, stating:

"One of the institutions outlined in Philip Dru is the Federal Reserve 
System. The Schiffs, the Warburgs, the Kahns, the Rockefellers and 
Morgans put their faith in House. The Schiff, Warburg, Rockefeller 
and Morgan interests were personally represented in the mysterious 

conference at Jekyll Island. Frankfurter landed on the Harvard law 

faculty, thanks to a financial   contribution to Harvard by Felix 
Warburg and Paul

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