96

Peabody & Company were not only unreasonable but double treason, 

in that, while in the act of giving inside aid to the enemy, George 

Peabody & Company were the potentiaries of the U.S. Government 

and were being well paid to advance its interests. "Springfield 

Republic", 1866: "For all who know anything on the subject know very 

well that Peabody and his partners gave us no faith and no help in our 

struggle for national existence. They participated to the fullest in the 

common English distrust of our cause and our success, and talked and 

acted for the South rather than for our nation. No individuals 

contributed so much to flooding our money markets and weakening 

financial confidence in our nationality than George Peabody & 

Company, and none made more money by the operation. All the 

money that Mr. Peabody is giving away so lavishly among our 

institutions of learning was gained by the speculations of his house in 

our misfortunes." Also, New York Times, Oct. 31, 1866: Reconstruction 

Carpetbaggers Money Fund. Lightning over the Treasury Building, John 

Elson, Meador Publishing Co., Boston 41, pg. 53, "The Bank of England 

with its subsidiary banks in America (under the domination of J.P. 

Morgan) the Bank of France, and the Reichsbank of Germany, 

composed an interlocking and cooperative banking system, the main 

objective of which was the exploitation of the people."

54

According to William Guy Carr, in Pawns In The Game,42 the initial 

meeting of these ex officio planners took place in Mayer Amschel 

Bauer’s Goldsmith Shop in Frankfurt in 1773. Bauer, who adopted the 

name of "Rothschild" or Red Shield, from the red shield which he hung 

over his door to advertise his business (the red shield today is the