1 / Part 2
Let's start at the top
with Proctor and Gamble. Its president is Richard
Dupree, who is also a director of the Baltimore &
Ohio Railroad and of the Coca Cola Company. This
railroad is always in financial difficulties and
going to Wall Street banks for financing and
refinancing. That alone is enough to identify Mr.
DuPree as a man whom they trust at Rockefeller Center.
The Coca Cola Company
is also well-amenable to the Rockefeller will. The
chairman of its board is one Robert W. Woodruff, a
director of the Guaranty Trust Company which was
formerly a Morgan-controlled bank but which is now
well under the Rockefeller thumb.
General Motors has as
directors George Whitney (a House of Morgan partner),
and Lewis W. Douglas of the House of Rockefeller. The
Rockefellers thought so much of Douglas' usefulness
to them that they had him appointed Ambassador to
England, to control the flow of American dollars to
that tight little island, to protect the Rockefeller
oil and international banking interests over there.
has as a director George W. Merck, president of Merck
& Company - the drug behemoth whose stock
structure has been inflated to 451% of its actual
assets by the profits in the drug traffic. Also M. F.
S. Russell of the U.S. Pipe & Foundry Company
whose president (Philo W. Parker) is a big pipe in
Standard-Vacuum Oil Company.
Lever Brothers makes
Pepsodent and thus will do nothing to interfere with
the fallacy that drugs and cosmetics and proprietary
remedies are best for what ails everyone.
General Foods is so
under the Rockefeller thumb that their dummy
directors elected a director of the Chase National
Bank (Austin S. Iglehart) president. On GF's
directorate are Robert P. Lehman (of the Rockefeller-controlled
Lehman Brothers banking house), Carl Schmidlapp (another
Chase National Director) and Mrs. Mary P. Davies of a
famous family affiliated closely with the House of
General Electric has
on its directorate as the Rockefeller representative
Sloan Colt of the Rockefeller-controlled Bankers
Let's look at both
sides of the picture. Let's look at both sides of the
picture. Take the various directors of the Chase
National Bank and see with whom they are tied up as
Winthrop W. Aldrich
Earl D. Papst
F. H. Brownell
H. Donald Campbell
Francis W. Cole
J. F. Drake
9 other oil
Percy J. Ebbott
H. O. Havemeyer
Austin S. Iglehart
A. N. Kemp
James T. Lee
Leroy A. Lincoln
Arthur A. McCain
Arthur W. Page
Thomas L. Parkinson
A. W. Robertson
Laurence S. Rock
Carl J. Schmidlapp
Robert C. Stanley
Leroy A. Wilson
Robert E. Wilson
This kind of setup is
called by statisticians and actuaries the Spider's
Web Chart. If a chart were made showing these
concerns in question in a vertical column, the
various directors in a horizontal column, and a line
drawn from each director to the concerns he is
supposed to direct, the effect would look not unlike
a spider's web.
As a result of this
tight control of the nation's thinking - from
Rockefeller Center to these Industrial Concerns and
Combines, to the Advertising Agencies, to the Media
of Public Information, to the Reading Public - a sum
estimated by a concensus of manufacturers as
equalling $10,000,000,000 in 1948 has been paid to
the drug concerns in the United States for drugs
which, as we have shown, intelligent medical
authorities consider, in large part, useless.
The enormous profits
resulting from this enormous drug traffic - dope
traffic as some outspoken physicians call it - have
resulted in inflation of the stock structures of many
of these Dealers in Death. Some have increased their
stock structure as high as 20 shares to one. Others
have just let nature take its course in the stock
We can get a very good
picture of this from Moody's Manual of Industrials.
Its current one shows, for instance, that Abbott
Laboratories, by making an operating profit in one
year of 87% of its actual physical assets, has so
inflated its stock that it is selling on the market
for 632% of the company's actual physical assets.
It shows profits of
139% over assets by American Home Products (manufacturer
of Anacin, Kolynos, Bisodol and Hill's Cold Tablets),
of 112% by Parke-Davis, of 109% by Pfizer &
Company and also by National Drug and Chemical.
It shows a 1,839%
inflation by American Home Products, a 926% inflation
by McKesson & Robbins, a 750% inflation by Vick
Chemicals and a 632% inflation by Sterling Drug.
A random compilation
of 15 of these large drug companies is shown below.
It was a wise
philosopher who said - "He who pays the piper
calls the tune."