Talk:J. P. Morgan
- Capital must protect itself in every way... Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd.
This is from "The Bankers Manifesto of 1934" Morgan had been dead for 21 years.
Rich Farmbrough 04:36, 25 October 2008 (UTC)
You can't steal something when you're not even born. You can steal something when you're dead :)
I've done pretty thorough analysis and research on that quote having only recently run across it myself, and it's not only not J. P. Morgan, but almost certainly fabricated. The original Manifesto, or as it was called "Wall Street Letter", was published in the Chicago Daily Press of March 21, 1892, "found" by a T.W. (Thomas Westlake) Gilruth, People's Party speaker and writer, some-time newspaperman, real estate broker, and lawyer.
A full account of this is available online in the Southern Mercury, Dallas, Texas, Thursday, November 15, 1894
The account was called into question by multiple contemporaneous sources, including The advocate and Topeka tribune. (Topeka, Kan.), 07 Sept. 1892. and 14 September, 1892 (the second instance occurring as Gilruth's name was misprinted in the first):
The Great West and one or two other exchanges reproduce the Chicago Daily Press fake purporting to be a Wall street circular. The thing originated in the fertile brain of F. W. Gilmore [sic: should be T. W. Gilruth], who held a position for a time at the Press. He has been challenged time and again to produce the original if it is genuine, and has failed to do so. The thing is a fraud and so is its author, and neither of them is worthy of the confidence of the people.
Also in the Barbour County index., July 06, 1892, p. 1.
Multiple other internal aspects don't check out. The purported signatory, an "H Zimmerman", and his organization, the "Bankers and Brokers Central Committee of Chicago", and a mentioned bankruptcy of "Murrits & Co." or "Murris & Co." leave no historical record.
Later appearances claim publication in the the March, 1892 edition of Banker's Magazine. Archives are available and "The Bankers' Magazine and Statistical Register - Vol. 47 (July 1892 to June 1893" shows no record of either the Manifesto, Murrits & Co. receivership (among the elements that are conspicuously recorded are bank's bankruptcies), etc. More detailed documentation at J.P. Morgan and the Banker's Manifesto of 1892 Hoax.
Who's quote is it really?Edit
When I googled "Go as far as you can see; when you get there, you'll be able to see farther." I got many different authors. So who said it first? Norman Montegue (Governor of Bank of Englad) said that in 1924 in New York bankers conference. http://en.wikipedia.org/wiki/Montagu_Norman,_1st_Baron_Norman
- please help with this one
Congressman Charles A. Lindbergh, Sr. revealed the Bankers Manifesto of 1892 to the U.S. Congress somewhere between 1907 and 1917. BANKERS MANIFESTO We(the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance. Organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them. At the coming Omaha convention to be held July 4, 1892, our men must attend and direct its movement or else there will be set on foot such antagonism to our designs as may require force to overcome. This at the present time would be premature. We are not yet ready for such a crisis. Capital must protect itself in every possible manner through combination (conspiracy) and legislation. The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible. When, through the process of law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders. History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism. The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party. By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.
I've seen the following quote attributed to J. P. Morgan: "The first step towards getting somewhere is to decide that you are not going to stay where you are." Can anyone verify? If so please add it to the page because it's a good quote! John Turner / Burgh House (not signed in!) 220.127.116.11 11:55, 23 April 2012 (UTC)