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McFadden and the Federal Reserve

Congressman Louis T. McFadden of Pennsylvania was Chairman of the House Banking and Currency Committee in 1932, and a staunch opponent of the Federal Reserve. Along with Congressman Charles A. Lindbergh, Sr. he fought the Federal Reserve Act in 1913 and conducted one of the first investigations of the banking and money trust in Congress. The path to the Federal Reserve act began with Lincoln who admitted that “as a result of the war, corporations have been enthroned and an era of corruption in high places will follow and the money power of the country will endeavor to prolong its reign by working on the prejudices of the people until wealth is aggregated in the hands of a few and the Republic is destroyed.” Lincoln destroyed the Republic with war, invasion, fiat money and the marriage of business and government.

Bernhard Thuersam, www.Circa1865.com

 

McFadden and the Federal Reserve

“Friday, June 10, 1932

Mr. McFadden: Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt.

This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.

Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.

In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into States to buy votes to control our legislation; and there are those who maintain an international propaganda for the purpose of deceiving us and of wheedling us into the granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.

Those 12 credit monopolies were deceitfully and disloyally foisted upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions. Those bankers took money out of this country to finance Japan in a war against Russia.

They created a reign of terror in Russia with our money in order to help that war along. They instigated a separate peace with Germany and Russia and thus drove a wedge between the allies in the World War. The financed Trotsky’s mass meetings of discontent and rebellion in New York. They paid Trotsky’s passage from New York to Russia so that he might assist in the destruction of the Russian Empire.

They fomented and instigated the Russian revolution and they placed a large fund of American dollars at Trotsky’s disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun the breaking up of American homes and the dispersal of American children.”

(Collective Speeches of Congressman Louis T. McFadden, Omni Press, 1970 pp. 298-299)

Lee Instructs His Children

What Robert E. Lee advises against below has its modern counterpart in movies, television dramas and other fictitious ramblings of a writer’s active mind. Today’s soap opera in many languages feature those usually wealthy and with no visible means of support, forever seeking love and in perpetual personal crisis. Lee warned his children against sigh[ing] after that which has no reality.”

Bernhard Thuersam, www.Circa1865.com

 

Lee Instructs His Children

“This was the Victorian age, when a young woman was supposed to be reading something spiritually-uplifting or domestically self-improving. In fact, most educated young women with some time on their hands were likely to be doing just what Mildred [Lee] was, although in her case she was risking her father’s strong disapproval.

Six years before, when she was thirteen, her father had written her from the stark Texas plains: “Read history and works of truth — not novels and romances. It was not a new thought with him; worrying about Rooney, he had, years before that, written Mary: “Let him never touch a novel. They print beauty more charming than nature, and describe happiness that never exists. They will teach him to sigh after that which has no reality, to despise the little good that is granted us in the world and to expect more than is given.”

(Lee: The Last Years, Charles Bracelen Flood, Houghton Mifflin, 1981, page 72)

 

 

Jun 11, 2016 - Aftermath: Despotism, America Transformed, Enemies of the Republic, Future Political Conundrums, Prescient Warnings    Comments Off on A Vigilant Corps of Government Dependents

A Vigilant Corps of Government Dependents

Senator John C. Calhoun classified communities into taxpayers and tax-consumers – the former favoring lower taxes, the latter favoring increased taxes, and a wider scope of government power. He wrote of “spoils” in its narrow sense as consisting of bounties and appropriations flowing directly from the public treasury. In the wider sense, he viewed spoils as advantages derived, directly or indirectly, from government action.

Bernhard Thuersam, www.Circa1865.com

 

A Vigilant Corps of Government Dependents

“When [government] offices, instead of being considered as public trusts, to be conferred upon the deserving, were regarded as the spoils of victory, to be bestowed as rewards for partisan services, without respect to merit; when it came to be understood that all who hold office hold [it] by the tenure of partisan zeal and party service, it is easy to see that the certain, direct and inevitable tendency of such a state of things is to convert the entire body of those in office into corrupt and supple instruments of power, and to raise up a host of hungry, greedy, and subservient partisans, ready for every service, however base and corrupt.

Were a premium offered for the best means of extending to the utmost the power of patronage, to destroy the love of country, and to substitute a spirit of subserviency and man-worship: to encourage vice and discourage virtue, and, in a word, to prepare for the subversion of liberty and the establishment of despotism, no scheme more perfect could be devised; and such must be the tendency of the practice, with whatever intention adopted, or to whatever extent pursued.

[Add to this] the greater capacity, in proportion, on the part of government, in large communities, to seize on and corrupt all the organs of public opinion, and thus to delude and impose on the people; the greater tendency in such communities to the formation of parties on local and separate interests, resting on opposing and conflicting principles . . . Among them, the first and most powerful is that active, vigilant and well-trained corps which lives on the government, or expects to live on it, which prospers most when the revenue is greatest.

The next in order – when the government is connected with the banks, when it receives their notes in its dues, and pays them away as cash, and uses them as its depositories and fiscal agents – are the banking and other associated interests, stock-jobbers, brokers, and speculators; and which, like the other profit the more in consequence of the connection – the higher the revenue, the greater its surplus and the expenditures of the government.”

(The Life of John C. Calhoun, Gustavus M. Pinckney, Bibliolife (original 1903), excerpts, pp. 106-110)

Virginians Choose Self-Determination

Virginians in 1861 deliberated on continuing their voluntary relationship with the federal government created by the States, remembering Jefferson’s words his Kentucky Resolutions of 1798:

” . . . reserving, each State to itself, the residuary mass of right to their own self-government; and that whensoever the General Government assumes undelegated powers, its acts are unauthoritative, void, and of no force: that to this compact each State acceded as a State, and is an integral party, its co-States forming, as to itself, the other party: that the government created by this compact was not made the exclusive or final judge of the extent of the powers delegated to itself; since that would have made its discretion, and not the Constitution, the measure of its powers; but that, as in all other cases of compact among powers having no common judge, each party has an equal right to judge for itself, as well of infractions as of the mode and measure of redress.”

Bernhard Thuersam, www.Circa1865.com

 

Virginian’s Choose Self-Determination

“James W. Sheffey, speaking five days before President Lincoln’s inauguration said:

“We love the Union, but we cannot se it maintained by force. They say the Union must be preserved — she can only be preserved through fraternal affection. We must take our place — we cannot remain neutral. If it comes to this and they put the question of trying force on the States which have seceded, we must go out . . . We are waiting to see what will be defined coercion. We wait to see what action the new President will take.”

Thomas Branch, speaking the day after President Lincoln’s inaugural address said:

“My heart had been saddened and every patriotic heart should be saddened, and every Christian voice raised to Heaven in this time of our trial. After the reception of Mr. Lincoln’s inaugural, I saw gentlemen rejoicing in the hotels. Rejoicing for what sir? For plunging ourselves and our families, our wives and children in civil war? I pray that I may never rejoice at such a state of things. But I came here to defend the rights of Virginia and I mean to do it at all hazards; and if we must go to meet our enemies, I wish to go with the same deliberation, and with the same solemnity that I would bend the knee in prayer before God Almighty.”

George W. Brent, speaking on the 8th of March said:

“Abolitionism in the North, trained in the school of Garrison and Phillips, and affecting to regard the Constitution as “a league with Hell and a covenant with death,” has with a steady and untiring hate sought a disruption of this Union . . . Recognizing as I have always done, the right of a State to secede, to judge of the violation of its rights and to appeal to its own mode for redress, I could not uphold the Federal Government in any attempt to coerce the seceded States to bring them back in the Union.”

(Virginia’s Attitude Toward Slavery and Secession, Beverley Munford, L.H. Jenkins Printer, 1909, pp. 265-267)

Virtue More Dangerous Than Vice

Horatio Seymour of New York always refused to consider any aspect of African slavery as a paramount issue in the country; He felt that “for seventy years the Union had existed with slavery; it need not perish overnight because of it.” He rightly saw anti-slavery rhetoric against the South as designed to divert attention from speculation and corrupt politics in the North.

Bernhard Thuersam, www.Circa1865.com

 

Virtue More Dangerous Than Vice

“As one looks back at the antics of the abolitionists – Garrison burning a copy of the Constitution in a public square; Gerrit Smith playing “possum” at an asylum while the John Brown he had encouraged was found guilty of treason and hauled out to be hanged; self-righteous ranters pleading from their pulpits for the export of rifles to Kansas; industrious Mrs. Stowe embalming the slippery sentimentality of her half-truths in the lachrymose pages of Uncle Tom’s Cabin; even Democratic David Wilmot trying to repair with his famous proviso the political fences he had broken down with his vote for a lower tariff . . .

[T]here comes to mind the words of the ancient philosopher which a president of Yale was always happy to remember”: “Virtue is more dangerous than vice because the excesses of virtue are not always subject to the restraints of conscience.”

(Horatio Seymour of New York, Stewart Mitchell, Harvard University Press, 1938, pp. 229-230)

Wading Through Blood of Men, Women and Children

Major Henry W. Conner (1793-1866) of Lincoln County, North Carolina was a democrat of the Nathaniel Macon type, and observed the growth of fanatic abolitionism in the North with great trepidation. His son, Lt. Charles T. Conner, was killed by Northern soldiers in 1865.

Bernhard Thuersam, www.Circa1865.com

 

Wading Through Blood of Men, Women and Children

“The following excerpts from the address made by Major [Henry W.] Conner in his campaign for reelection to Congress in 1839 show how the smoldering fires of anti-slavery sentiment were beginning to blaze in the North. Referring to it he said:

“Abolitionism, when I last addressed you seemed to be confined to a few fanatics only, and so absurd seemed their views and pretensions that serious apprehension could not reasonably be entertained, but such has been their rapid growth in a short time, that in several of the States they hold the balance of power in politics, and abolitionism has, therefore, become a political question with the avowed object of striking at the rights and property of the South, and there is reason to believe they will not be particular in the mode of carrying out their plans, whether peacefully, or by wading through blood of men, women and children.

The desks of abolition members (especially John Quincy Adams and Slade) are loaded with thousands of antislavery petitions which have be presented within the last two years, asking Congress to interfere with your rights and property. This heartless and unjustifiable policy must and will be met by the South at the proper time with manly determination to protect and defend our rights and privileges at all hazards.”

(The Annals of Lincoln County, North Carolina, William L. Sherrill, Regional Publishing, 1972, pp. 188-189)

 

 

 

 

A Warning of Things to Come

Reverend H. Melville Jackson warned his Richmond audience in 1882 that there will come a day when the victor’s literature and monuments shall crowd out remembrances of the Southern patriots who fought and perished in the cause of independence.

Bernhard Thuersam, www.Circa1865.com

 

A Warning of Things To Come

“It is been said of General Robert E. Lee that he often expressed the fear lest posterity should not know the odds against which he fought. [The] daily witness of incredible heroism, daily spectator of the dauntless courage with which a decimated army faced undismayed an overwhelming foe, the chieftain of your armies, gentlemen, feared lest the examples of knightly valor and splendid fortitude, which you have exhibited to the ages, might, through the incapacity or incredulity, or venal mendacity of the historian, be finally lost to the human race.

And there is, I will venture to say, scarcely a soldier of the Confederacy who does not share this apprehension that posterity may not do justice to the cause for which he fought. Soldiers, you cannot bear to think that your children’s children shall have forgotten the fields on which you have shed your blood. You cannot think with equanimity that a day will come when Virginia shall have suffered the fame of her heroes to be lost in obscurity, and the valorous achievements of her sons to fade from memory.

And if you thought, to-night, that the muse of history would turn traitor to your cause, misrepresent the principles for which you fought, and deny to you the attributes of valour, fortitude and heroic devotion you have grandly won, your souls would rise up within you in immediate and bitter and protesting indignation.

This apprehension is thought by some to be not altogether groundless. The North, it is said, is making the literature of these times, has secured the ear of the age and will not fail to make the impression, unfavorable to you, which time will deepen rather than obliterate.

Diligent fingers are carving the statues of the heroes of the Northern armies, writing partizan and distorted versions of their achievements, altering, even in this generation, the perspective of history, until, at no distant day, they shall have succeeded in crowding out every other aspirant of fame and beguiled posterity into believing that the laurels of honor should rest, alone and undisturbed, upon the brows of your adversaries.”

(Our Cause in History, Address of Reverend H. Melville Jackson of Richmond. Given at the Richmond Howitzer’s Banquet, December 13, 1882. From the Southern Historical Society Papers, Volume XI, pp. 26-30)

Washington Will Be a Fortified City

Lemuel Burkitt (1750-1807) was a Baptist preacher and member of the 1788 Hillsborough Convention which considered the new union proposed by Alexander Hamilton. A devout anti-Federalist, he demanded a maximum of State rights and the preservation of individual liberties, and thus was highly suspicious of Hamilton’s centralization of power schemes.

Bernhard Thuersam, www.Circa1865.com

 

Washington Will Be a Fortified City

“At the sessions of the courts, at county militia musters, in the taverns, wherever men gathered, the main topics of conversation [in 1787] were the Constitution and its framers. In the heat of argument no man’s character was above attack and no past political or military service could overcome party animosity. Thomas Person, a general of the Revolution and patriot of undoubted sincerity, denounced Washington as “a damned rascal and traitor to his country for putting his hand to such an infamous paper as the new Constitution.”

Willie Jones, leader of the [North Carolina] anti-federalists, found it necessary to deny in the public press that he had “called the Members of the Grand Convention, generally, and General Washington and Col. Davie, in particular, scoundrels” . . . William Lenoir of Wilkes county said later in the debates in the convention that his constituents had instructed him to oppose the adoption of the Constitution. William Lancaster of Franklin [county] said that his own feelings and his duty to his constituents induced him to oppose the adoption of the Constitution, since he believed every delegate was bound by his instructions.

Lemuel Burkitt, a Baptist preacher strongly opposed to ratification, was a [convention] candidate in Hertford county. In explaining the selection of an area ten square miles [to be] the seat of the [federal] government, Burkitt said: “This my friends, will be walled in or fortified. Here an army of fifty thousand, or perhaps, a hundred thousand men, will be finally embodied, and will sally forth, and enslave the [American] people, who will be gradually disarmed.”

[Hugh] Williamson . . . did not consider paper currency as honest tender because of its rapid depreciation. However convenient depreciated paper appeared to those who used it to discharge their debts, he contended that the credit and finances of the State had been injured by it. No part of the North Carolina debt of North Carolina had been discharged by the operations of paper money, “the whole advantage of depreciation being a mere juggle,” by which one citizen was injured for the convenience of another.”

So great were the evils of paper money that the dignity of government was wounded by declaring it legal tender, industry languished, the orphan was defrauded, and the most atrocious frauds were practiced under the sanction of the law.”

(The Ratification of the Federal Constitution in North Carolina, Louisa Irby Trenholme, Columbia University Press, pp. 107-110; 117)

From PC to the New Public Orthodoxy

This excerpt from a July 2000 Samuel Francis article traced the Leninist origins of and predictable conclusion of the political correctness phenomenon already in stride by the turn of the century.  Dr. Francis wrote that “the whole strategy of the revolution today known as “political correctness” relies on the distorted title of Lenin’s [1904] pamphlet,” One Step Forward, Two Steps Back.”  Lenin’s goal was “the seizure of total power, in particular power over culture, the forms and structures of human thought and judgment.”

Bernhard Thuersam, www.Circa1865.com

 

From PC to the New Public Orthodoxy

“The term “political correctness” is now more than ten years old, and no sooner had it come into vogue than it began to excite the kind of ridicule that it deserved. Tales of college classes where elementary facts of history, science, literature and philosophy were deliberately butchered or silenced in order to suit the sexual, class, or racial obsessions of blatantly unqualified teachers became commonplace.

Students and even faculty were disciplined and sometimes punished with expulsion or threats of violence for the slightest verbal deviation from the “codes” imposed at distinguished universities.

For some years after its appearance, the battle against “political correctness” served as a major theme of almost all conservatives, paleo or neo, not a few of them made their reputations as writers in exposing the p.c. farce.

Once the radicals retired [from universities] in the next ten or twenty years, [a prominent neoconservative] predicted, the political correctness cult would disappear. As usual, the neoconservatives were wrong.

What has actually happened is that p.c. took its degree and graduated into the larger society. Today, not only universities but corporations and even town and city councils maintain codes of speech and behavior often far more draconian than anything ever concocted at Berkley of Madison.

The common response of most conservatives and even of the most sensible liberals to political correctness is to treat it as a joke, a silly excess of ignoramuses and intolerant mediocrities unable to master the traditional curricula or abide by standards of conduct that prevail in real schools and universities. Unfortunately, that response largely misses the larger point about political correctness, which is that it represents an actual revolution.

The experimental, university phase of the revolution lasted for about five or six years – the end of the 1980s and the first part of the 1990s – before the speech codes imposed by the first generation of revolutionaries began to be dismantled and replaced by more “moderate” ones.

That the revolution has now entrenched itself well outside the English departments and dormitories of academe ought to be clear enough. In 1999, the famous incident of the use of the word “niggardly” by a white Washington, D.C., city worker led to the worker’s dismissal for using racially inflammatory and insulting language.

The point is that it is not the act of offense that is being punished, it is the language used and the ideas invoked. To use a word that even points toward forbidden subjects is not a breach of etiquette; it is an act of subversion.

What is happening is that one set of icons, symbols, and (in the cant of the day) “role models” created and established by the old American culture is being replaced by another set of icons and symbols created and established by another culture that has found a new master race: The Virginian Confederate heroes of Richmond’s Monument Avenue are displaced by a statue of black tennis star Arthur Ashe; a mural of Lee in Richmond is altered to suit black demands but is later firebombed and vandalized with the slogan “Kill the white demons”; names of Confederate generals on the city’s bridges are changed to names of local “civil rights” leaders.

The revolution will probably not finish as radically as it began . . . [and] will allow the “conservatives” who defend the old culture to save face a bit and boast of how moderate they are and how they are willing to accept change. But the premises – that the old nation and culture are so evil that their symbolism must be altered or discarded and that the new dominant race and culture are so good that theirs must be saluted and worshipped as part of the new public orthodoxy, the new political formula that justifies the new ruling class – have already been conceded.”

(The Revolution Two-Step, Dr. Samuel Francis, Chronicles, July 2000, excerpts, pp. 32-33)

The South was the Conservative Party

To many the abolition crusade recalls brave Northerners standing tall for the liberty of African slaves and the Rights of Man. Upon closer inspection the North was a region unfriendly to both the black man and abolitionists – the latter evident with the mob-murder of Elijah Lovejoy in antebellum Illinois. Daniel Webster saw these sectionalists for what they were, and what evil they might accomplish.

Bernhard Thuersam, www.Circa1865.com

 

The South Was the Conservative Party

“The story of Daniel Webster and his great speech in 1850 has been told at some length because it is instructive. The historians who have set themselves to the task of upholding the idea that it was the aggressiveness of the South, during the controversy over slavery, and not that of the North, that brought on secession and war, could not make good their contention while Daniel Webster and his speech for “the Constitution and Union” stood in their way. They, therefore, wrote the great statesman “down and out” as they conceived.

But Webster and that speech still stand as beacon lights in the history of that crusade. The attack came from the North. The South, standing for its constitutional rights in the Union, was the conservative party. Southern leaders, it is true, were, during the controversy over slavery, often aggressive, but they were on the defensive—aggressive, just as Lee was when he made his campaign into Pennsylvania for the purpose of stopping the invasion of his own land.

Mr. Webster in his great speech for “the Constitution and the Union,” as became a great statesman, pleading for conciliation, measured the terms in which he condemned “personal liberty” laws and Abolitionism. But afterward, irritated by the attacks made upon him, he naturally spoke out more emphatically.

McMaster quotes several expressions from his speeches and letters replying to these assaults, and says: “His hatred of Abolitionists and Free-Soilers grew stronger and stronger. To him these men were a “band of sectionalists, narrow of mind, wanting in patriotism, without a spark of national feeling, and quite ready to see the Union go to pieces if heir own selfish ends were gained.” Such, if this was a fair summing up of his views, was Webster’s final opinion of those who were carrying on the great anti-slavery crusade.”

(The Abolition Crusade and its Consequences, Hilary A. Herbert, Charles Scribner’s Sons, 1912, pp. 125-126)