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“[T]here was an occasion, near the close of 1910, when I was as secretive—indeed, as furtive—as any conspirator....I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.…We were told to leave our last names behind us. We were told, further, that we should avoid dining together on the night of our departure. We were instructed to come one at a time and as unobtrusively as possible to the railroad terminal on the New Jersy littoral of the Hudson, where Senator Aldrich's private car would be in readiness, attached to the rear end of a train for the South.…Once aboard the private car we began to observe the taboo that had been fixed on last names.…Discovery, we knew, simply must not happen, or else all our time and effort would be wasted.”
(
Frank Vanderlip
, twenty-five years after the meeting on Jekyll Island, Georgia conspiring to establish the Federal Reserve in the U.S.
Farm Boy to Financier
,
Saturday Evening Post
, pp. 25, 70. February 9, 1935.)
Related Categories
Money
Money: Central Banks / Federal Reserve
Our Decline: Secret Combinations