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HOW THE MONEY WORKS AT HARVARD
Click.The Money Lords, the Drug Lords, the Slum Lords, the "Pug Winokur Data Dump".                         

WHY THE HARVARD CORPORATION PROTECTS THE DRUG TRADE. Part3
By LINDA MINOR © 2000

In Part One of this series we dealt with the names of men who gained control of the Harvard Corporation in the early 1800's--whose self-appointed successors still maintain control of the funds of that institution today. We showed how those men made their family fortunes by trading in slaves and drugs (opium).  We also showed how they purchased respectability by donating enough money to Harvard to allow them to continue their control of the university management, a position which makes their status as drug dealers almost impossible to be believed by the average American.

The drug syndicate was set up to smuggle the narcotic opium into China, alongside the British East India Company's smugglers. The syndicate was based in Newburyport, Massachusetts, and London, England, and was financed, as the East India Company was, by Britain's Baring bank. This racket, smuggling chiefly Turkish opium, provided the bulk of the family fortunes for the Cabots and other prominent ``blue-blood'' Boston families.

In Part Two we showed that the same Harvard men in Massachusetts who made their wealth from dealing in drugs were connected by family and business relationships to the board of the Yale Corporation, and that it was, in fact, a successor-in-name to the Perkins, Sturgis and Forbes company--Russell and Company--which started Skull and Bones at Yale.  It was the Germanic philosophy of Hegel learned by William H. Russell that guided him and his successors in financing competing sides of every political and
social issue in order to control the outcome and arrive at a greater degree of power.  Because of this philosophy, the Hegelian drug lords have no problem supporting candidates from both Yale and Harvard.  Whoever wins, the drug lords can count on protection.

The final part of this series has two goals:  First to show that the successors of the opium smuggling companies in America quickly established a system to use their dirty profits as "venture capital" for direct investment in strategic industries and, secondly, that they funneled "charitable" donations  into educational institutions to control both the huge tax-exempt endowments and to create a mask of respectability and generosity to hide the true nature of their character.

DRUG MONEY STARTED AT&T

Robert Bennet Forbes--whose father Ralph Bennet Forbes was married to Margaret Perkins, a sister of Thomas Handasyd Perkins--became the foreign affairs manager for a merchant named Houqua, who had himself been made responsible for all of China's foreign relations with the West by the Chinese Emperor.  The other son, John Murray Forbes, took over managing Houqua and China's foreign relations, after Robert's death, and amassed a great fortune. Profits from the Perkins opium firm was
invested in the purchase of the inventions of Alexander Graham Bell, resulting in the appointment of John Murray Forbes' son, William Hathaway Forbes, as president of the American Bell Telephone Company.  William married the daughter of Ralph Waldo Emerson and had a son named Ralph Emerson Forbes, who married Elise Cabot.  We will come back to the Forbes family later, but it will be interesting first to look at the Cabot family to which Elise was born.

Dr. Samuel Cabot, who graduated from Harvard Medical School in 1839, married Eliza Perkins, a daughter of Thomas Handasyd Perkins, and Cabot joined the J. and T. H. Perkins firm. (making Robert Bennet and John Murray Forbes Eliza's first cousins.)  His papers, including account books, letters, books, and travel diaries are on microfilm in the Massachusetts Historical Society series.  There is a wealth of correspondence from Cabot and Perkins family members to other prominent traders and members of Boston's economic elite as well as vivid descriptions of travel accounts concerning the lucrative opium trade in which these families were heavily involved. Trade with China was one of the largest growth segments of the Boston mercantile establishment
during the late 18th and early 19th centuries. This collection provides insight into the two Boston families that were the most powerful China merchants: Samuel Cabot, Jr. and his wife's father, Thomas Handasyd Perkins. http://www.umi.com/hp/Support/Research/Files/107.html

FOUNDATION LAID FOR NASA AND OPERATION PAPERCLIP

Elise Cabot Forbes, mentioned above, was Sam and Eliza's daughter.  Their son Samuel  was an 1872 graduate of M.I.T., who studied chemistry in Zurich, Switzerland and explored various factories in Germany.  He returned to Chelsea, Massachusetts where he set up a laboratory. http://www.nap.edu/books/0309054451/html/135.html
Sam and his brother, Godfrey Cabot, who graduated from Harvard in 1882, bought a plant in Worthington, Pennsylvania to process coal tar into paints and other products. Godfrey also spent a year studying in Zurich and two years traveling in other parts of Europe.  After his return they built a plant in West Virginia. Their biggest customer would become Standard Oil. In 1896, Godfrey returned to Europe and also visited  Russia.  In 1900, back in the U.S. he became fascinated with airplanes and became a pilot before World War I.  After the war he founded the National Aeronautic Association in Washington, D.C., which would be the base on which the National Aeronautic and Space Administration (NASA) was founded with the use of the technology of the Operation Paperclip Nazi scientists rescued from war crimes prosecution in Germany.

Godfrey Cabot's wife was Maria Moors (daughter of John F. Moors), and one of their sons, Thomas Dudley Cabot,  born in 1897, received his bachelor's degree in engineering from Harvard in 1919. Their Cabot Corporation became the major producer of carbon black with nine plants in Texas and Oklahoma; establishing an inroad into synthetic rubber production and the manufacturing of paints and other chemicals. Thomas'  son, Louis W. Cabot,  also a Harvard graduate, was sent to England to build a carbon black plant in Stanlow, using technology the British had taken from the Germans after World War II ended. http://books.nap.edu/books/0309054451/html/index.html

Thomas Cabot and his brother, John Moors Cabot, and another relative, Kermit Roosevelt--all graduates of Harvard--were involved in the coup in Guatemala in the 1950s. John Moors Cabot, born in 1901, a 1923 Harvard graduate, was a vice consul in  Peru 1927-28, in the Dominican Republic from 1929-31, Mexico 1931-32, Brazil 1932-35, then to the Netherlands until 1938 and Sweden in 1939.  From 1939-41 he was in Guatemala, becoming the chief of the division of Caribbean and Central American affairs in 1944.  He was thereafter stationed in Argentina, Yugoslavia and Shanghai, China, before becoming minister to Finland, then Ambassador to Pakistan, Ambassador to Colombia (1957-59); Ambassador to Brazil (1959-61); and Ambassador to Poland (1962-65).   In 1953 he was the Assistant Secretary of State for Inter-American Affairs (all according to Who's Who in America 1954-55). Also see an excellent article by Dan Russell at http://www.drugwar.com/neocolonialism.htm and list of papers at http://www.cs.umb.edu/jfklibrary/arcnms.htm

TRAIL OF THE OCTOPUS--T.J. COOLIDGE AND THE FORBES FAMILY

The Boston Fruit Company had been incorporated in 1885 to raise capital for its ship-captain owner, Lorenzo Dow Baker, and his partners in Boston. Demand for  bananas they imported from the Caribbean had grown so much by 1898 that the Bostonians merged with their chief rival, Minor Cooper Keith of New York, who owned a great deal of land in Costa Rica, as well as the Intercontinental Railways of Central America.  The new corporation was organized in 1899 by Thomas Jefferson Coolidge and took the name United Fruit.  In 1930 United  Fruit bought out the competing banana company of Sam Zemurray in New Orleans who had plantations in Honduras and Guatemala--by giving him stock in the new company, making him the largest shareholder.  In 1936 Zemurray demanded to have a part in the management, and at the same time the company formalized an agreement to operate Keith's railroad system. But the company's only concern was making a bigger and bigger profit--which
brought them at odds with the interests of Guatemala's people and its leaders.
http://members.tripod.com/~american_almanac/afwild.htm

T.J. Coolidge, who represented the interest of the Boston Concern's investment in United Fruit after 1899, was the son of Joseph Coolidge, a man who, in 1836 had been hired by the Scottish investment firm Jardine Matheson Company to run opium past the Chinese police. The Chinese, in an effort to stop the British from flooding China with opium,  forbade Jardine Matheson ships from docking in Chinese ports.  Coolidge's clipper ships from Boston did the job for a mere $10 million from Jardine, giving him and his financiers a fortune to reinvest in legitimate enterprise.

During 1873 these venture capitalists, formerly known as the "Boston Concern,"
including John Murray Forbes and Thomas Jefferson Coolidge, started expansion of the Atchison, Topeka and Santa Fe Railroad, which suddenly began building across Kansas to Colorado.  Their securities were marketed by the Baring Brothers bank in England, sponsor of the world narcotics traffic throughout the nineteenth century.
http://members.tripod.com/american_almanac/prometh3.htm  Baring's American agent for many years was T.W. Ward, who was followed by his sons Samuel G. Ward and
George Cabot Ward.  Although the bank was based in England, it had originated in Bremen, Germany, prior to its move to Exeter, England in 1717. By the end of that century, the bank had two American partners--Joshua Bates and Russell Sturgis--who were closely connected to the opium trade. [Source:  Dorothy R. Adler, British Investment in American Railways, 1834-1898].

DRUG MONEY BUILDS A SHORTCUT TO THE ORIENT THROUGH TEXAS

The leaders of the Santa Fe Railroad throughout the 1870's attempted to prevent the construction of the competing Denver & Rio Grande Railroad from expanding its line into Mexico.  In March 1875 another railroad had been chartered by the Corpus
Christi, San Diego and Rio Grande Narrow Gauge Railroad Company. http://www.tsha.utexas.edu/handbook/online/articles/view/TT/eqt21.html

The Tex Mex was promoted by Uriah Lott--with the financial support of Richard King and Mifflin Kennedy (ship captains during  the Mexican War, who had built a fortune by blockade running, using their profits to acquire the world's biggest ranch in South Texas.  Their partner was Charles Stillman whose son James Stillman used his profit to set up National City Bank of New York and marry off two of his daughters to
William Rockefeller's sons). 
[See http://members.tripod.com/~viewfromthewall/fwch3.htm ]

In 1881 Lott and Kennedy exchanged the stock in their railroad for stock in a new company called the Texas Mexican Railway Company, and completed the remaining 110 miles to Laredo in September 1881 with money derived from the new infusion of capital from T.J. Coolidge's backers, Jardine, Matheson, the leading British firm in
the China trade. [Source: Economist, SL (July 8, 1882), p. 848].  The committee which issued the bonds in 1882, in addition to Matheson,  included  Robert Fleming and
Dillwyn Parrish, both of whom were associated with Scottish investment trusts.  These same trusts would later steer much of their U.S.  venture capital investments through the investment bank of Brown Brothers Harriman--including companies set up by George H.W. Bush.

The Texas Mexican absorbed the Texas Mexican Northern Railway Company in 1906 and in 1930 acquired the San Diego and Gulf Railway Company.  It is an interesting side note (maybe more relevant than we realize) that one of the residents of San Diego, Texas in 1882 was infant William Frank Buckley--father of William F. Buckley, Jr.--whose father John Buckley was a merchant along the railroad line between Laredo and Corpus Christi. [Source:  W.F.B.--An Appreciation, privately printed by the Buckley family in 1959]. Incidentally, W.F. Buckley, Sr. and his brother grew up in tiny
San Diego and were educated at the University of Texas Law School where they were
acquainted with many of the men who would become executives of oil companies in Dallas and Houston.  Both Buckley brothers spent years in Mexico during the oil boom at the same time The Pearson interests from England were operating the Mexican Eagle there. The Buckleys created their own oil company called Pantipec, which would later employ a number of men who have been connected to the CIA and to the assassination of John F. Kennedy.

The railroads competed viciously for a route through Texas which would give the central interior of the U.S. quick access to the Gulf of Mexico, and from there to China.  Laredo is now the major port of entry for railroad traffic between the United States and Mexico, and the Texas Mexican presently handles international traffic through Laredo for the Southern Pacific line--now merged with the Union Pacific. The Tex Mex b came part of the Kansas City Southern (the old Kansas City, Mexico & Orient Railway)  system in 1995 when KCSI acquired 49 percent of the Tex Mex from Mexican partner Transportacion Maritima Mexicana (TMM)--a company repeatedly accused of drug smuggling, and its associated banks with money laundering.  http://www.kcsi.com/tmr.html (See also  http://www.narconews.com/  and
http://www.jornada.unam.mx/1999/nov99/991106/eco2.html )

TRANSPORTATION--THE KEY TO DRUG DISTRIBUTION

Another railroad into which drug money was poured was the Chicago, Burlington & Quincy Railroad Co., stretching to Burlington, Iowa, and Quincy, Illinois, on the Mississippi River. Dominated by John Murray Forbes of Boston, who was in turn assisted by Charles Perkins, president of the company from 1881 to 1901, the railroad eventually reached Denver, its western terminus, and reached east to the Chicago, Kansas City and St. Louis gateways. CB&Q lines also went to Omaha, Nebraska, and St. Joseph, Missouri. http://www.bnsf.com/about_bnsf/html/history.html

By 1910 the rail line from Corpus Christi had not been connected to Colorado, but the Santa Fe encouraged that expansion by men such as Sam Lazarus and B.F. Yoakum, who got financing in St. Louis through the firm of G.H. Walker & Co. in 1912, only seven years before Walker left St. Louis to set up the Harrimans' investment bank.  Given the fact that the Atchison, Topeka and Santa Fe Railroad was based in St. Louis, it is highly likely that Walker had worked closely with its owners in handling financing of the
various shorter lines which eventually were acquired by the ATSF.  In so doing, he would have worked closely with Thomas Jefferson  Coolidge, of Boston, who in 1880 was chosen president of the Atchison, Topeka & Santa Fe railroad company and all its branches. http://www.npg.org/forums/optimal_city_size.htm

Another railroad which made up a part of the ATSF system was Gulf, Colorado and Santa Fe Railway, purchased in 1879 by the Sealy banking family of Galveston.  In 1911 George Sealy II, then manager of the line, bought several oil properties which he used to found Magnolia Petroleum Company (which he named for his wife Manolia Willis Sealy).  Magnolia was absorbed by Standard Oil Company of New York (SOCONY) in 1925 and is known today as Mobil Oil.  The Texas properties, many drilled on land grants given to the railroad which was now part of the ATSF, were transferred to Magnolia Petroleum Company.

The Magnolia Pipe Line Company was also organized in November 1925 as a transporting subsidiary of the petroleum company. In 1931, when the Standard Oil Company of New York and the Vacuum Oil Company merged to form Socony­Vacuum Oil Company, Magnolia became an affiliate of the new company. In 1949 all of Magnolia Pipeline's shares were owned by Socony­Vacuum except for qualifying shares owned by members of the board of directors. General offices were in Dallas in 1949. The Magnolia Petroleum Company merged with Socony Mobil Oil Company on September 30,1959.

More research needs to be done to determine what mineral rights were owned in these lands by the various interests.  It is very possible that the rights were split among the Coolidge faction from Boston, the G.H. Walker group including Bush and the Rockefeller group.  The pipeline company would have been closely involved with Dresser Industries, which controlled the patent on the coupling joint used in all petroleum pipelines.  Dresser's stock was purchased in 1911 by W.A. Harriman & Company, Inc., supposedly with the intention of reselling, but apart from subsequent stock flotations, the investment bank (now Brown Brothers, Harriman) still has control of what became Dresser Industries, Inc. in 1944. The initial stock issue in 1928 was
underwritten by Roland (Bunny) Harriman and Prescott Bush while G.H. Walker was president of the W.A. Harriman firm.  Prescott Bush served on the board of directors continuously until he went to the U.S. Senate in 1953.  It is very interesting that Magnolia moved its headquarters to Dallas at about the same time that Dresser moved there.

THE CABOTS SET UP THE CFR AND LEARN FROM NAZIS

Thomas Jefferson Coolidge was, of course, a large donor to Harvard--one gift being the Jefferson Laboratory. http://www.news.harvard.edu/gazette/1996/11.21/MemorialMinuteJ.html

A generation later, Archibald Cary Coolidge, who merged the American Institute of International Affairs (the sister organization of the British Royal Institute for International Affairs) with the New York Council on Foreign Relations--now called the Council on Foreign Relations--became the first editor of CRF's magazine, Foreign Affairs.
http://www.foreignaffairs.org/welcome.html Archibald Coolidge would initiate the world wide scope of Widener Library's collections by his gifts to Harvard.

A few years later, Archibald's nephew, John Phillips Coolidge, chose to attend graduate school in 1936 at New York University where a small group of scholars from Nazi Germany were among the refugees making radical changes in the study of art history on this continent--one of the first importations of German intellectuals and scientists Nazi Germany--a forerunner to Operation Paperclip.  At the time, NYU's chairman said Hitler shook the tree and he picked up the apples. His gathering was choice: Erwin Panofsky, Karl Lehman, Richard Krautheimer, Walter Friedländer. John Coolidge studied with all of them.  In so doing, he was following the example of his uncle.  At one point, in 1914, with an old Boston China Trade fortune behind him, Archibald had repaid his hospitality debts in Germany, where he had taken his doctorate, by a formal dinner for 100 at the famous Adlon Hotel in Berlin. He also proclaimed that he would oppose any Harvard appointment relating to European history if the candidate did not have a working command of at least French, German and Russian. Possibly some of the Germans who taught his nephew at NYU during the peak of Hitler's influence were his own friends.

VENTURE CAPITAL--ANOTHER TERM FOR MONEY LAUNDERING

Paine Webber was founded in 1879 by Charles Cabot Jackson and Laurence Curtis, both members of the Boston Stock and Exchange Board. Their partnership, known as Jackson & Curtis, also included Charles' brother Frank Jackson--the sons of Charles
and Fanny Cabot Jackson.  Their sister, also named Fanny, married Charles Cushing Paine, and they had nine children, including Gen. Charles Jackson Paine and William Cushing Paine, who had taken a small amount of shares in the ATSF Railroad and doubled them. The Paine Webber partners acquired an interest in some of the assets of the collapsed Van Sweringen railroad empire through foreclosure, including the Kansas City Southern. http://www.mossbay.com/paine/paine/woodstock/painewebber.htm
and http://www.shadowchasers.org/famtree/d0001/g0000094.html#I0013 and
http://www.moorscabot.com/about_us.htm


Moors & Cabot, Inc. was  founded in 1890 by John F. Moors and Charles Cabot. John F. Moors was the maternal grandfather of diplomat John Moors Cabot, and his partner was named for an uncle, Charles Codman Cabot, a 1922 graduate of Harvard, and a director of Old Colony Trust.  He was the brother of Henry Cabot,  born in 1894, who was an investor and Harvard trustee, and who also had a son named Henry B. Cabot, Jr.  They had another brother named Paul Codman Cabot, who was born in 1898 and was in the Harvard class of 1921 and then worked for the First National Bank of Boston and helped to found State Street Research Investment Trust.  He became treasurer of the Harvard Corporation in 1948.  Moors & Cabot was intended to handle the family
investments of the two founders and their friends, but the firm has grown to include 22 branch offices and over 150 registered representatives nationwide.  Headquartered in the heart of Boston's financial district, the company is the oldest independent member of the Boston Stock Exchange and one of the nation's oldest independent members of the New York Stock Exchange. Since its inception, the firm has participated in the retail sale of stocks and bonds to individuals and the institutional sale of stocks and
bonds to most of Boston's money management firms.

Paul Codman Cabot (1898-1994)

A legendary figure in the investment world, Paul Cabot persuaded two friends to join him in 1924 in founding a mutual fund, the second to be incorporated. He was also a pioneer of growth stock investing. Mr. Cabot believed in "finding all the facts, then facing the facts." Fundamental values were his watchword, and he emphasized good management, good products, and good prospects in the marketplace--principles that
continue to guide State Street Research money management today. Mr. Cabot managed State Street Research Investment Trust for many years, continuing to lead and enrich State Street Research and the industry into his mid-nineties.

Richard Saltonstall (1897-1982)

A friend of Paul Cabot, Mr. Saltonstall shared his interest in common stocks. In 1923, when they were both young men doing similar work in large banks, the two began meeting once a week to talk over the possibilities of investing in the stocks of companies whose prospects they had studied. They formed a pool to invest some money together with a third partner, Richard Paine. Like Cabot, Mr. Saltonstall went on to become a partner of State Street Research, and remained active in the Firm for over fifty years.

Richard Cushing Paine (1893-1966)

Richard Paine was a cousin and close friend of Paul Cabot, and the third founding partner of State Street Research. The three began investing in companies with the understanding that they could withdraw their interest at market value any time they wanted--a revolutionary idea in that era. The three partners ran this investment pool for a few months, and then incorporated the mutual fund that launched State Street Research and Management Company. Mr. Paine went on to serve as vice-president and director of the company he helped found.
http://www.google.com/search?q=cache:www.statestreetresearch.com/history.htm
l+paine%2Bcabot&hl=en

THE MYSTERIOUS FORBES CONNECTION TO THE KILLING OF JFK

Ralph and Elise Cabot Forbes' daughter was Ruth Forbes, whose first husband
was George Lyman Paine, and whose son was Michael Paine. Ruth Forbes Paine's
best friend was a woman named Mary Bancroft, whose connection to the Boston Brahmins will be explored later.
http://peach.ease.lsoft.com/scripts/wa.exe?A2=ind0004D&L=ctrl&P=R116336

Ruth Forbes had a brother named William Cameron Forbes, an American business
executive and diplomat, born in Milton, Mass. in 1870.  He entered the mercantile house of his grandfather, John Murray Forbes, in Boston and was a partner in the firm after 1899. Appointed (1904) to the Philippine Commission by President Theodore Roosevelt, he held several administrative posts there before he served (1909-13) as governor-general of the islands. He was a member of the Wood-Forbes Commission, which was sent (1921) by President Harding to the Philippines. He was later (1930) chairman of a commission to study conditions in Haiti, served (1931-32) as ambassador to Japan at the time of the Manchurian crisis, and led (1935) an economic mission to East Asia. http://www.bartleby.com/65/e-/E-Forbes-W.html
 
In 1902, Clarence Barron, representing Boston's powerful State Street, purchased Dow Jones & Company for $130,000. At the time of the purchase, Barron was publishing business bulletins in Boston and Philadelphia, which were merged into Dow Jones & Co. In 1907, the step-daughter of Clarence Barron, Jane Barron, married Hugh Bancroft. Hugh Bancroft's father, was General William A. Bancroft (Harvard 1878), who was first elected mayor of Cambridge, Mass. in 1893 and reelected three times. He was chairman of the Brahmin-owned Boston Elevated Railway, and was a
member of the board of overseers of Harvard University from 1893 to 1903. Hugh Bancroft also attended Harvard, where he was admitted to the elite Hasty Pudding Club. In 1912, Bancroft was made treasurer of Dow Jones, the holding company of the Journal. He became president in 1928, upon Clarence Barron's death. By that time, Bancroft and his family controlled the majority of Dow Jones & Company's shares. The Bancroft family continues to be the most significant shareholder of Dow Jones and the Wall Street Journal today, through Hugh Bancroft's descendants.

THE MYSTERIOUS MICHAEL PAINE

Michael Paine was sixth in descent from Robert Treat Paine the signer of  the Declaration of Independence. His mother Ruth Forbes was a great-granddaughter of Emerson and a granddaughter of William Hathaway Forbes , founder and first president of the American Bell Telephone Company. Her father, Ralph Emerson Forbes, left an estate of $2.5 million when he died in 1937. Her uncle, W. Cameron Forbes (Harvard 1892), had started his career as a clerk with Jackson & Curtis, a family money-laundering firm and in 1899 became a partner in John Murray Forbes & Co.  He was a director of AT&T, United Fruit, and Stone & Webster, Inc.  He was also appointed to the Philippine Commission and as vice governor of the Islands until 1913.  After that he was a receiver of a Brazilian railway, and a presidential appointee
to "study conditions" in the Philippines and in Haiti.  He served as an Overseer to Harvard from 1914-20, then became a life member of MIT Corporation. From 1930-32 he was Ambassador to Japan. [Who's Who in America, 1954-55].

Michael Paine was descended from the Cabots on both his father's and his mother's side; he was thus a second cousin once removed of Thomas Dudley Cabot and a cousin of  Alexander Cochrane Forbes, a director of United Fruit and trustee of Cabot, Cabot and Forbes. http://www.parascope.com/articles/1196/nazis.htm

Paul F.Hellmuth was the vice-president of Cabot, Cabot and Forbes, was a trustee of the J. Frederick Brown Foundation, a CIA "conduit", along with G.C. Cabot. Thus the Paine family [had] links with the blue-blood intelligence circles of  the OSS and
CIA,  In the summer of 1963 it was Ruth [Michael's wife], rather than Michael, who maintained close relations with the patrician Paine and Forbes families, traveling east in July to stay with her mother-in-law at the traditional Forbes clan retreat of Naushon Island near Wood's Hole, Massachusetts (CE 416, 17 H 119). [Source:  Peter Dale Scott, The Dallas Conspiracy, ch. IV, pp. 2-4.]

HOW GEORGE H. W. BUSH'S CAREER DEVELOPED BY HIS USE OF SOURCES OF CAPITAL.

When George H.W. Bush arrived in Texas after graduation from Yale, his career began with an interview with Neil Mallon, president of Dresser Industries in Dallas. Dresser, which owned the patent for the coupling joint used in laying petroleum pipelines, was a corporation wholly owned by the investment bank Brown Brothers, Harriman.  Prescott Bush was a director of Dresser for decades, as well as being a partner in Brown Brothers Harriman--which had resulted from the merger of the bank set up by Prescott's father-in-law, George Herbert Walker, at the request of the sons of Union Pacific Railroad tycoon E.H. Harriman.  Walker had previously had his own investment bank in St. Louis where he financed railroads which eventually became part of the system known as the Atchison, Topeka and Santa Fe.  An investment bank still exists in St. Louis under the operation of the Walker side of the family, but that city is also the home of George H.W. Bush's brother, William H.T. "Bucky" Bush, who is a past Missouri GOP state finance chairman.

Neil Mallon had been hired as Dresser's first president after it was purchased by Brown Brothers Harriman.  It was his first real job after he completed his education, plus at least six months in the European Alps, where it might be worth noting that Allen Dulles had been stationed from 1942 until after the end of World War II.  The Mallon family had strong ties to the Tafts, which had been involved in the formation of the Russell Trust (eventually to become known as Skull and Bones).   It was Mallon who gave George his first job after graduation from the same university and as a member of the same secret society--an elite group to which George Walker, Prescott Bush and both Harriman sons belonged.

When Mallon went to work for Dresser, the company was based in Cleveland, Ohio, the same city where John D. Rockefeller had started his career as a merchant before his expansion into oil production was financed by one of the three U.S. banks owned by N.M. Rothschild of London. While in Cleveland, Mallon was very active in the Council on World Affairs, which had been organized in the mid-1930s by Brooks Emeny.  The Council on Foreign Relations had been set up in New York in 1921, quickly imitated by the Chicago Council on Foreign Relations in 1922. The World Affairs Councils are
a segment of the Council on Foreign Relations (CFR), which is apparent from
its link to the website for the CFR's magazine, Foreign Affairs:
http://www.foreignaffairs.org/links.html The history of the Council is briefly set out at its own website, http://www.worldaffairscouncils.org/Mission/History/history.htm .

Dresser relocated its headquarters to Dallas in 1950, and Mallon helped to organize another Council on World Affairs in that city.  The operation of that organization was his "chief outside interest." [Source:  Darwin Payne, Initiative in Energy, pp. 248-49.]  One of the employees Mallon  hired was a man named Hans Bernd Gisevius, with the assignment of working on a worldwide economic development program called the "Institute on Technical Cooperation."  [Source:   Richard Bartholomew, "Possible Discovery of an Automobile Used in the JFK Conspiracy"--unpublished manuscript, p. 48; and Bruce Campbell Adamson, "Oswald's Closest Friend:  The George
DeMohrenschildt Story"--unpublished manuscript, 1993)--Bush chapter, p. 31.
Adamson accused Mallon of using Dresser as a cover for CIA activities.]

Gisevius was a German Abwehr (German Intelligence) agent whose diplomatic cover was vice-consul at the German consulate in Zurich while Allen Dulles was there as the head of U.S. intelligence.  While in Switzerland Dulles began a long-lasting love affair with a woman named Mary Bancroft, who is our Harvard link.  Her stepmother's stepfather was Clarence W. Barron, then publisher of the Wall St. Journal, which he purchased in 1902.  In 1907, the step-daughter of Clarence Barron, Jane Barron, married Hugh Bancroft. The Bancroft represented the high Boston Tory faction; they were among the first settler families that, in 1632, founded Lynn, Massachusetts. During the next 50 years, the family was the sole exporter for the Massachusetts Bay Colony, of sugar and tobacco, a trade that made it immensely wealthy.

By the first decade of the twentieth century, Hugh Bancroft's father, John, was chairman of the Brahmin-owned Boston Elevated Railway, and was a member of the board of overseers of Harvard University. Hugh Bancroft attended Harvard, where he was admitted to the elite Hasty Pudding Club. In 1912, Bancroft was made treasurer of Dow Jones, the holding company of the Journal. He became president in 1928, upon Clarence Barron's death. By that time, Bancroft and his family controlled the majority of Dow Jones & Company's shares.

The Wall Street Journal represents a merger of Boston and New York interests. Boston's ``State Street'' financial center is run by the treasonous families that made their money in the British-run China opium trade: the Cabots, Perkins, Coolidges, Russells, Cushings, Lowells, et al. Wall Street was created and is run by the Tory faction, which followed the policy of Bank of Manhattan founders, and American traitors, Aaron Burr and John Jacob Astor. At the heart of the Journal is the aristocratic Bancroft family of Boston. The Bancroft family continues to be the most significant
shareholder of Dow Jones and the Wall Street Journal today, through Hugh Bancroft's descendants, including Jane Bancroft Cook, a Journal board member; the Cox family (Christopher Cox sits on the Journal's board); and socialite Elizabeth Goth. See
http://members.tripod.com/~american_almanac/wallst2.htm
http://www.forbes.com/tool/toolbox/richlist/8113.htm

In 1943 Dulles asked Mary Bancroft, who was working as a spy in Zurich, and who was also having sex with Dulles, to translate a book written by Gisevius about the Third Reich.  Gisevius and some of his fascists Abwehr associates had been the planners of the July 20th plot to kill Hitler with the idea of forming an alliance with Britain and the U.S. against Russia. [Source: Mary Bancroft, Autobiography of a Spy (New York:  William Morrow, 1983), pp. 187-88.]

According to Bancroft:  "I told Allen it all made sense to me. Difficult as it might be to believe, the conspirators actually hoped that if they got rid of Hitler they would be able to take over the whole country and to negotiate peace with the Anglo-Americans. Their hopes went even further: They envisaged the western Allies joining them in a crusade against Russia -- and communism. Gisevius had been sent to Switzerland to get in touch with the western Allies. Other emissaries were making similar contacts in Sweden and elsewhere."  [Source:  Bancroft, Autobiography..., pp. 161, 168-170.]  Mary Bancroft's report back to Dulles reminds us of what eventually did occur in Operation Paperclip, when Dulles helped certain Nazis avoid prosecution for war crimes, transfer Nazi assets into U.S. corporations, and set up the military-industrial infrastructure within the United States.

Mary Bancroft's first husband, Sherwin Badger, was a Harvard graduate whose first job had been in the head office of United Fruit in Cuba.  After a year in Cuba he became a journalist in Boston, later moving to the Wall Street Journal and Barron's in New York, both of which were published by Mary's stepfather, Clarence Walker Barron. Mary also had a long friendship with George Lymon Paine and Ruth Forbes Paine, whose son Michael Paine and his wife Ruth befriended Marina Oswald the year prior to John Kennedy's assassination.  The Paines were from Boston and both had family trees tying them to the United Fruit Co.--through Michael's mother (a niece of W. Cameron Forbes) and his father (a descendant of Thomas Dudley Cabot, a former president of United Fruit).

Michael Paine's uncle, Eric Schroeder, was a friend and investment associate of geologist Everette DeGolyer, a long-time Dresser Industries director, who served on
the board with Prescott Bush.  Schroeder was a cousin of Alexander "Sandy" Forbes, former director of United Fruit who "belonged to the elite Tryall Golf Club retreat in Jamaica with ... Paul Raigorodsky," who has been linked to the Kennedy assassination by the Torbitt Document.

[Source:  Richard Bartholomew, "Possible Discovery," p. 38.  See also Mary Bancroft, "Autobiography of a Spy" (New York:  William Morrow, 1983). DeGolyer was an advisor to the University of Texas Board of Regents and its chairman, Harry Huntt Ransom, and was also a business partner of Lewis MacNaughton in the Dallas oil exploration firm DeGolyer and MacNaughton. MacNaughton had many CIA contacts and his personal accountant, George Bouhe, was one of Oswald's chief Russian guardians in Dallas in 1962. See Lon Tinkle, Mr. De: A Biography of Everette Lee DeGolyer, (Boston, MA: Little, Brown, 1970), pp. 224, 239 and Peter Dale Scott, The Dallas Conspiracy, ch. III, p. 6.  Bartholomew cites as a source:  Peter Dale Scott, "Government Documents and the Kennedy Assassination," (unpublished manuscript), ch. II, p. 4, and states: "Note: The St. Nicholas Parish was a CIA-subsidized Russian Orthodox church outside Russia, restricted to aristocratic anti-Bolshevik Russians who had been 'checked, rechecked, and double checked' by the CIA-subsidized Tolstoy Foundation. (9 H 5, 7, cited in Scott, Government Documents..., ch. II, p. 1.)"]

Everett DeGolyer became a famous geologist from Oklahoma, who spent his entire career working for the Pearson oil companies controlled by the same titled family that
owned both the media conglomerate and Lazard Brothers investment bank.  He was a long-time Dresser director in Dallas where he was a geophysical consultant for all the oil companies.  His had begun when as a young man he was employed by the Mexican Eagle Oil Co., owned by Sir Weetman Pearson, who called him to London in 1918 and asked him to sell Mexican Eagle to Royal Dutch Shell.  The proceeds from the sale were invested by Pearson in the creation of a new oil company founded and operated by De Golyer in 1919 called Amerada (some years later merged into Amerada Hess), a big percentage of which was owned by the British government.  DeGolyer maintained offices in Houston as well as Dallas and was well-known in the Houston and Dallas petroleum clubs frequented by George Bush and the Liedtkes.

One of DeGolyer's daughters married George C. McGhee, a U.S. State Department official, who was present in May 1954 at the first Bilderberg meeting with George Ball, David Rockefeller, Prince Bernhard of Holland and Dr. Joseph Retinger. [Source:  . William Engdahl, A Century of War, p. 149.] McGhee later served as a trustee of the Aspen Institute for Humanistic Studies, set up to shape the "limits to growth" agenda.  [Source:  Engdahl, p. 160.]  By that time McGhee had left the State Department to become a director of Mobil Oil, the company which absorbed Magnolia Oil Company, a Rockefeller company which was founded by Galveston banking interests involved in constructing a railroad from the Galveston-Houston area to St. Louis, which came to be part of the Atchison, Topeka and Santa Fe Railroad financed by G. H. Walker & Co.

WEB SOURCES:

http://members.tripod.com/~american_almanac/chaispot.htm

http://www.webcom.com/~pinknoiz/covert/ciaguatemala.html

http://members.tripod.com/~Mictlantecuhtli/politics/Guatemala1i.html

http://www.servtech.com/~grugyn/lowle1.htm
This file concerns the lineage of the Lowell family as it relates to the formation of the Essex Junto, Federalist Party, and the Russell Trust (which is home of Skull & Bones). The primary source is The Lowells and their Seven Worlds by Ferris Greensley, Houghton Mifflin, the Riverside Press, Boston, 1946.

The Cabots have also supported Massachusetts Institute of Technology for many years, and have severed on the MIT Corporation. In 1960 the Thomas Dudley Cabot Scholarship Fund was established as part of the permanent endowment.
[Source:  http://www-tech.mit.edu/V115/N29/cabot.29n.html.

Cabot genealogy http://www.pa.uky.edu/~shapere/dkbingham/d0003/g0000074.html

From the CTRL archives at
http://peach.ease.lsoft.com/scripts/wa.exe?S1=ctrl--Treason in America --
From Aaron Burr to Averell Harriman by Anton Chaitkin © 1984; New Benjamin
Franklin House P. O. Box 20551 New York, New York 10023:
http://peach.ease.lsoft.com/scripts/wa.exe?S2=ctrl&q=essex+junto&s=&f=&a=&b=

http://www.parascope.com/articles/1196/nazis.htm

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