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Show The Paper That Dares To Take Page 6 The Utah Independent August 11, 1977 $3-biIIi- on. S9-billi- on S34-billio- business from Chicago banks. The Chicago group suffered the most precipitous decline of all the interest groups since the thirties. With the erosion of relative financial power, the group as a whole is falling more and more under the influence of the Rockefeller group. Struggle w ithin the group is detaching those banks and families more eager to put themselves wholly under the wing of the Rockefeller banks. In the last decade, power shifted in the First National Bank of Chicago, the second biggest, bringing it closer to the Rockefeller banks than to its former partners, the other three big Chicago banks. The shift of the First National from the Chicago group to the Rockefeller group brought over the Prince family and its Armour Co., the second biggest company Jn the country'. In Sears Roebuck, the biggest retail chain in the country, the Rockefeller interest steadily grew; the shift of First National, which has two Sears directorships, gave the Rockefeller group a bigger number of. seats than the other Chicago banks, thus shifting a meat-packi- corporations with other groups in situations. With the Rockefeller group the Boston group shares control of American Electric Power, one of the successors to the Morgan Utility empire. The Boston group, second only to Rockefeller, bencfitted the most from the break-u- p of the Morgan utility holding companies. Besides safeguarding their own New unity-strugg- le England utility monopoly and getting half interest in American Electric Power, the Boston group shares control with the Morgan circle of Middle South Utilities, which own the utilities in most of Mississippi and Louisiana. The Boston group operates with both the Morgan and Rockefeller groups in Seaboard Coast Railroad. And we already dealt with their continued interest in American Tel & Tel. Be sides these e connections there are some direct interlocks with the key financial institutions in the Rockefeller and Morgan groups (two with the Rockefeller group and three with the Morgan group). unity-struggl- The Chicago group of bankers and millionaire families was formed at the turn of the century in opposition to the rapid outside takeover of the key industries in the area, especially railroad and steel. It tended to be concentrated in secondary industries, especially those related to agriculture, meat packing and farm implements. The biggest Chicago banks interlocked as the center of the group and financially gained great power in the West and Midwest. Since the nineteen-thirtie- s, the group has been declining and disintegrating. With the decline of agriculture as keystone of the economy, the relative power of the Chicago banks dropped. With the loss of correspondent relationships with rural banks because of the in- formation of New bank holding companies came a further erosion of power. Finally, the rise of important banking centers in California took away West Coast and Mountain State York-controlle- d ng S7-billi- on corporation to the Even in Rockefeller camps. Marshall Field's. Chicago's main department store. Rockefeller banks have control, through First National. And the rest of the group is also rapidly merging into the Rockefeller circle. The three other banks. Continental Illinois Bank and Trust, Harris Trust and Savings and Northern Trust are important wholesale banks with better than SI in open assets' and plenty of hidden trust funds. Their two most important properties are Swift & Co., the biggest company, and International Harvester, which monopolizes the tractor and farm implement industry. These banks also control meat-packi- Commonwealth ng Edison, Montgomery Ward, U.S. Gypsum, the Santa Fe railroad, two other big railroads and several other key companies. They also operate jointly with the First National in Inland Steel and retain a minority interest in Sears. The Chicago group has four direct connections with the Rockefeller group; Harris Trust has a double interlock with Continental Assurance; Northern Trust interlocks with New York Life and Continental Illinois interlocks with the Chemical Bank. The Chicago group has no interlocks with the Morgan group and recently even attempted to raid one of Morgans biggest Northwest Industries. a holding company controlled by the Chicago banks, tried to grab B.F. Goodrich, the tire and Aided by rubber monopoly. Rockefellers First National Rank of Chicago in early 1968. Northwest made a tender offer to buy up controlling interest in B.F. Goodrich. The two Morgan banks that control Goodrich and their corporations. allied Lehman Brothers off the attempted raid with financial and successfully fought Government pressure. lo round out these groups closest to the Rockefeller-organ axis there is the Philadelphia group and a smaller group of four Connecticut Insurance companies. The sixth, eighth, ninth and 13th biggest life insurance companies in the country are Aetna, Travellers. Connecticut General and Connecticut Mutual. They are very tightly interlocked through the two major Hartford banks. These four insurance companies arc worth close but they control to SI only a small group of Connecticut industrials, of which the most important is United Aircraft. The Connecticut group is closely connected with the Morgan group M through Aetna Stand H. Res. 48 Is Vital WHO REALLY RULES AMERICA? Continued from page 1 public assets of over The other three banks are the State Street Banks, the New England Merchants Bank and the National Shawmut Bank. The biggest insurance company is the John Hancock Mutual; the other three insurance companies are the Liberty Mutual. Massachusetts Mutual Life and New England Mutual Life. These eight financial institutions and the allied Irving Trust of New York have open n. assets alone of about All eight are very tightly interlocked with each other, banks In with insurance companies. some cases these interlocking companies have as many as four and five common directors. In addition the Boston group shares control of some key A Life, which interlocks with Morgan Guaranty Trust and Marine Midland, and Rockefeller the group has a which Travellers, through double interlock with Chase Manhattan and a single interlock with First National City. Additionally. both Travellers and Connecticut General interlock with Manufacturers Hanover Trust. The Philadelphia group headed by four insurance companies and four banks controls a number of industrials, including Atlantic Richfield and several big chemical companies (see Appendix). It isclosely related to both the Morgan and Rockefeller groups, and also has links to the Boston. Chicago and Prudential groups. with Be sure and read the next installment. If you save all installments you will be one of the best informed people in America as to the conspiracy. Bob Salter It is easier to fight for ones principles than to live up to them. -- Alfred Adler sorry retreat as a result of its by John F. McManus The own subversion from within. Belmont, Massachusetts The situation is both ridicuHanafi Muslims .seized three lous and dangerous. Happily, buildings and 150 hostages earlier this year in Washington, there are some members of ConD.C. Not too long ago, a bomb gress who do not belong to the cabal. exploded in New Yorks busy prevailing LaGuardia Airport, killing and They believe that our nation and maiming scores of innocent does indeed have enemies, that investigation of subversion travelers. Periodically, news reports tell us that thieves have is both a right and a duty. raided another armory or military post and made off with House Resolution 48 McDonCongressmen Larry weapons and explosives. and John Ashbrook ald as such Revolutionary groups have sponsored House the New World Liberation Front in California, the George Resolution 48 to put the House Internal Security Jackson Brigade in the Northwest, and the Puerto Rican Committee back in business. Killed by a slick parliamentary Armed Forces of National Libmaneuver only two years ago, of subversive their boast eration HISC can be restored by House activity. Bombings and terrorism are action alone. Its purpose would on the increase. The influx of be to conduct official investigations on matters relating to inCommunist diplomats has increased dramatically. And ternal security, and then to aid in the formulation of legislation stories of payoffs to Congressmen by agents of foreign powers to protect our nation and the American people from known have become commonplace. enemies. House leaders have bottled up No Intelligence Agency With all this going on, one the move in the Rules Commitbrutal fact has been virtually tee in spite of the fact that ignored. It is that there is no McDonald and Ashbrook have already enlisted 148 longer any official government agency performing the function of their measure. In return, the tw'o Congressmen are asking of gathering intelligence on subversives and their activity. Any for help from the American number of groups make lots of people. Convinced that enough noise after the fact. But it has sentiment from back home will become practically impossible to spring the measure from the Rules Committee, they are askforestall such activity by reag sonable intelligence work. ing for a massive The list of former agencies campaign directed to House Members. And they are asking protecting America from subg attenthat special version is a long one. The Subversive Activities Control Board tion be given to Congressman the has been scuttled; the Attorney James J. Delaney Generals List of Subversive Rules Committee chairman, who Organizations has been shelved; has the power to get H. Res. 48 the Internal Security Division of out of its legislative tomb. the Justice Department has been The restoration of HISC scrapped; the House Internal would certainly be a welcome Security Committee is gone; the step. Because H. Res. 48 is so Senate Internal Security Subimportant, every Congressman committee is gasping for life; should be made to take a stand on it. Americas enemies have police intelligence units in various large cities have been abolhad the field to themselves in ished or cut to shreds; many of recent years. Its time to get the good guys in the CIA have started on the long road back. been purged; and the FBI is in The John Birch Society Features see-no-e- vil (D.-Ga- .) (R.-Ohi- o) now-defun- ct letter-writin- letter-writin- (D.-N.Y.- ), South Africa Militar By Richard Kelly Hoskins Military men have said that the army of South Africa is strong enough to defeat the armies of all black Africa combined. As for the threat of guerrilla warfare the South Africans have had longer experience and are believed to be as expert on the subject as any nation in the world. Every male Westerner over the age of required to take one years military training and the nation can 17 in South Africa is field an army of between 200,000 and 300,000 men on short notice complete with planes, tanks, and . . . they have nuclear capabilities. Cuba's 10,000 men in Angola could have been annihilated in 10 days if S. A. had wanted to do so. It has been national policy to get along with everyone and they do. Even the black countries who border South Africa and who so loudly vilify the country are dependent on them for most of their trade and wealth. While talking race war, their sons are lining up in long lines trying to immigrate into the Republic of South Africa to find jobs and wealth. The South Africans have wisely terminated immigration of blacks except for workers for the mines who are there on temporary visas, and now 60 per cent of mine workers come from S.A. itself. Most Americans arc ignorant of the fact that Westerners have lived in S.A. longer than Westerners have lived in America. While the Americans encountered and drove back the Indians, the S.A.s encountered largely vacant lands, and the present day blacks are relatively recent migrants who have come in from the north to work there. Blacks cannot vote in S.A., but they do have property and they do have rights. On the other hand, Westerners cannot vote in black-ruleAfrica, own land, held office, or have any rights at all that cannot be arbitrarily taken away in an instant. The blacks in S.A. are wealthy by black African standards. Almost everyone is poor in Africa's black ruled nations. The blacks and their friends in Moscow and are clamoring Washington for the dominant Westerners to give rights to blacks that blacks refuse to give to d Anti-Wester- n Westerners. The gold mines are in South Africa and S.A. will prove to be a tough nut for |