1907 Financial Crisis

Panic of 1907, started with J.P.Morgan spreading rumours about a competitor, the Knickbocker Trust Company, one of the largest financial institutions at the time.[1]

Aldrich-Vreeland Act 1907 was passed in response to the Panic of 1907 and established the National Monetary Commission, which recommended the Federal Reserve Act of 1913.

Charles T. Barney (Kappa Alpha), President, Knickbocker Trust Company - Shot himself after the bank failed in the Panic of 1907, although not personally financially ruined by the crisis. Related to Danford N. Barney III (S&B 1881)

Frederic Collin Walcott (S&B 1891) (Nephew, William H. Welch S&B 1870)
1907 to 1909 - Vice-President Knickerbocker Trust Company.
1907 to 1915 - Investment Banker and manufacturer in New York City.

President Theodore Roosevelt (Freemason)

- Senator Nelson W. Aldrich (Freemason) of the Aldrich-Vreeland Act of 1907

Secret Society members involved in the Federal Reserve

Secret Society members at J.P.Morgan

Pierre Jay (S&B 1892)

Lydig Hoyt (S&B 1906) 1907 - Secretary to United States, Ambassador to Great Britain Whitelaw Reid (5 Jun 1905 to 15 Dec 1912) (Delta Kappa Epsilon) by President Theodore Roosevelt (Freemason, Delta Kappa Epsilon) and William Howard Taft (S&B 1878);

Charles Newell Fowler (S&B 1876)
1910 - Prepared and introduced in Congress the Federal Reserve Act (approved by Congress with slight changes December 23, 1913)
4 Mar 1901 to 4 Mar 1909 - Chairman of the Committee on Banking and Currency (During the Panic of 1907 which resulted in the Aldrich-Vreeland Act 30 May 1908)
1900 - Instrumental in establishing monetary commission of that year, which brought about enactment of gold standard; member of committee on civil service reform throughout his term in Congress and at times of committees on insular affairs and foreign affairs.

[1] - Corbett Report - Century of Enslavement: The History of The Federal Reserve. Reference to JPM rumours concenring Nickerbocker Trust Company

[2] - The Still Report - The Money Masters, 1800 - Q’d up

[3] - NY Times - CHARLES T. BARNEY BURIED IN WOODLAWN; Simple Services for ex-President of Trust Company Who Shot Himself. MORBID CROWD AT HOUSE Police Guard Needed to Keep Back the Curious — Only Relatives and Intimate Friends Attend Funeral.