So what is down there? Within the pages of the book Salem Secret Underground: The History of the Tunnels in the City I tell you. The book is filled with pictures of the tunnels in the city. On the Salem Smugglers’ Tour I take you where the photos were taken and show you them on my tablet while going over the history of the people who built them.
So are any of these smugglers important today, or even then? Well lets take a look…
So these men were the politicians who shaped our country. Pickering was Washington’s general and Secretary of State who helped ratify the Constitution. Joseph Story shaped the Constitution with Daniel Webster. Both were in Stephen White’s pocket defending the Second Bank of the United States and their attempts to create what we call the Federal Reserve today. George Peabody founded the Rockefeller Foundation, sold the majority of shares in our national bank to foreign investors, collapsed our economy several times, founded what became JP Morgan bank, and bailed out the local museum which was renamed after him. He owned the Eastern Railroad that built the Gothic railroad station in town.
Who else? Elias Hasket Derby was America’s first millionaire and the tenth richest man in American history to this day. Beyond Gates and Buffet put together. He built a tunnel from his wharf, to his home, and to his cousin’s Hodges house who founded the Peabody Essex Museum. His son Eias Hasket Derby Jr. who extended the tunnels so 159 politicians and businessmen could avoid paying Jefferson’s duties. Thomas Perkins who’s opium empire spurred on the wealth of the Forbes, Russells, and Sturgis families. In fact the Russells purchase his land in New Haven and erect the Skull & Bones crypt on it. Russell will create the fraternity with Alphonso Taft who is President Taft’s grandfather.
How do I know these tunnels exist? Because I have been in them!
Can I get you in…no! One day though so keep checking back, but for now there is so much more about this tour than witches. Stuff that still effects you today! Plus the tour is filled with vintage photos of town from the 1800’s, old car crashes, comedy, ghost stories and a famous murder!!!
Also you will learn how Stephen White who had the East India Marine Hall in the Peabody Essex built got away with murdering his uncle with the involvement of Supreme Court Justice Joseph Story and Secretary of State Daniel Webster. A murder that empowered them to murder presidents Harrison and Taylor to secure the Third Bank of the United States so George Peabody could sell more of our country away to the Rothschilds.
Here are some of the cool tunnels in Salem you will see in the book and on the tablet on the tour.
So book a tour today at www.salemtunneltour.com and head over to Barnes & Noble to buy Salem Secret Underground: The History of the Tunnels in the City. If you buy the book on the tour you will save $5 and will have it signed and doodled in by the author for no extra cost! What a deal!!
Built in 1804-1805 for John Gardener Jr. by Samuel McIntire. Jeremiah Page provided bricks, David Robbins was the mason, Joseph Fogg the lumber, Epes Cogswell was housewright, and William Luscoomb III painter. Gardner had owned 6 ships. All but 2 had different captains and co-owners. He never captained any of his ships. The only economic venture he went on twice with anyone was with his relative Simon Gardener who had owned two ships with him and captained both. Next door was the site of the Captain Joseph Gardener home where the Plummer Hall now stands that houses the Essex Institute. The Captain was killed by Narragansets in 1675 at the Great Swamp Fight. At the Captain’s death his wife Anne inherited her father’s Emmanuel Downing’s house which is west of Plummer Hall and married Gov. Simon Bradstreet and lived there. This house was torn down in 1750 and Francis Peabody built his mansion. This book was written across the street from where the first American poet wrote her books, Anne Bradstreet.
In 1811 John Gardner Jr. ran into financial problems and sold the house to Nathaniel West. Nathaniel West was a captain who owned many ships with Nehemiah Andrews, Crowninshields, Derbys, Benjamin Pickman, and Francis Boardman. Nathaniel West bought the John Turner mansion, next to the Peter Palfrey House to the right, opposite Central Street in 1833 and opened it as a tavern called “The Mansion house” in time for President Andrew Jackson’s visit. Later it would be called the “West Block”. Nathaniel West sold the Gardner-Pingree House three years later to Captain Joseph White. He was murdered in this house.
It’s raining, it’s pouring.
The old man is snoring.
He went to bed bumped his head,
and he couldn’t get up in the morning.”
Captain Joseph White who bought the “Come Along Patty” from Elias Haskett Derby with the Cabot brothers and renamed it the “Revenge” became the first privateer from Salem. He was in the slave trade. He had questionable feelings towards a young niece who lived with him. He hated the man whom she would marry and made a fortune which he was not going to give her any. In the winter of 1829-1830 Captain Joseph White was feeling ill and had his lawyer Joseph Waters draft him a new will. In 1830 someone snuck through the tunnel and murdered him. Not just once, but possibly on 3 separate occasions.
This murder would inspire Edgar Allen Poe’s to write the Tell Tale Heart. It is reminiscent of Agatha Christies’s Murder on the Oriental Express. The intrigue of the murder and the sudden death of Judge Parker might of led Parker Brothers to buy the U.S. rights to the 1949 Cluedo/Clue game because it reminded them of the strange tale that happened in this Salem house and the possible murder of their uncle the high Federalist Isaac Parker who was to hear the case! I wonder if it was a literature fan who moved the Crowninshield-Bentley House to the right from its old home in the Hawthorne Hotel’s parking lot. That house was in H.P. Lovecraft’s story The Thing on the Doorstep. Also Rev. Bentley wrote his memoirs of Salem in the Crowninshield- Bentley House.
Captain Joseph White was not kind to his relations that had worked for him in his house. He only showed a special form of kindness to his young attractive grand niece. The announcement of her engagement to a captain that was just released from Joseph Jr. & Stephen White Co.’s employment just sent him into a furor. At 82 he has been abandoned by his grand niece for 3 years and is ill during a hard winter. His favorite nephew, Joseph “Jr.” White, has been dead for some years but his brother is still at the old captain’s side. Was Stephen jealous of the attention his uncle gave to his female cousin or the attention she deprived him? Did Stephen foster some hatred towards his uncle for favoring his dead brother over him? Did the old Captain plan a mercy killing that would gain him “Revenge” against two x-business partners who aggrieved him?
In 1827 Jospeh Knapp Jr., who’s father was a partner of Joseph White who lost his favorite ship the Revenge to the pirate Phillips, marries Mary Beckford who was having an affair with the wealthy grand uncle in hopes of producing an heir. This is the same year Stephen White loses his own wife. At the end of the Embargo Act Richard Crowninshield insulted Joseph White publicly after Napoleon captured 3 ships from Salem in Naples. Richard Crowninshield will loose his heir Richard Crowninshield Jr. by a rigged suicide while waiting arraignment for Captain White’s murder and so Joseph Knapp will loose his two sons through the prosecution of Stephen White’s daughter’s father-in-law. All in the name of “Revenge”.
Stephen White rounds up the Committee of Vigilance which had no police or detective involved in its formation, but 27 scoundrels who were offered a $2,700 reward in the capture of the murderers. April 27th the Knapp brothers have their carriage attacked heading back to Cherry Farm. In 1827 Joseph Knapp Jr. looses his mother, marries Joseph White’s grand niece and lover, and Stephen White looses his wife. It has been 3 years since when the old man is murdered. Three months after the murder the high Federalist Isaac Parker who sits as the head of the MA Superior Court dies after saying three days prior he was never in better health and he has never missed a day on the bench in his whole career. Daniel Webster then offers the Superior Court position to Stephen White’s brother-in-law Joseph Story who turns down the offer to remain on the Supreme Court bench in D.C. The man he does offer it to next takes the position, but can’t hear the case since he acquitted two men in the murder previously. Daniel Webster opposition in the case is an attorney who had won a case against him for libel in the past. With all of this funny business the Knapp brothers will be tried twice for the same crime and hanged.
This cabal that was formed with the Joseph White murder goes on and protects the murder victim’s investments in the Second Bank of the United States. Daniel Webster and Joseph Story will become directors in the Second Bank of the United States. Story will defend the bank in the Supreme Court. Democrat Joseph Story would turn on Andrew Jackson in 1836 after he does not renew the charter for the Second Bank of the United States. Afterward there will be an assassination attempt against Jackson because of the bank. Daniel Webster will help Stephen White, head of the Ma National Republican Party that transforms into the Whig Party, elect William Harrison president after Webster fails to be elected. They chose Harrison explicitly so they could control him and create the Third Bank of the United States. Daniel Webster writes Harrison an inaugural address to only be rebuked as he writes the longest one in American history. Harrison expels Webster’s cohort Henry Clay from the White House and refuses to create the Third Bank of the United States. Embolden by the murder they got away in Salem; Story, White, and Webster assassinate Harrison by typhoid poisoning one month into office. Mysteriously Stephen White dies 3 days later. Harrison’s successor Tyler will also refuse to establish the bank.
Later Daniel Webster , after the deaths of Stephen White and Joseph Story, on the verge of the Civil War will assassinate President Taylor 16 months into office by Typhoid once more. President Polk who also was against the Third Bank of the United States would die 3 months after leaving office and 13 months before Taylor of typhoid. These three men would add to the ranks of political assassination which would include Alexander the Great. It becomes public that foreign investors hire Daniel Webster to leave his wealthy law practice to become Secretary of State for his successor Millard Fillmore in hopes of the creation of the Third Bank of the United States or the Fiscal Bank which in time becomes the Federal Reserve under Wilson. These investors could of been owners of shares in the Second Bank of the United States after Jackson did not renew the charter. One reason Jackson removed the federal finances from the bank because 70% of the shares in the bank were owned by English bankers who bought a majority of them from George Peabody, the namesake of Peabody MA. Today most of the shares in the Federal Reserve are held by foreign investors.
The trees in front of this house and the home being named Gardenor-Pingree was inspired by Louisa Dupont-Crowninshield. For the love of her husband and his relationship to the murdered Richard Crowninshield Jr., who was implicated in the murder of Joseph White, she donated to the Peabody Essex Museum large funds to erase the memory of the murder that happened here. A museum that was bailed out by George Peabody who was selling shares in the Second Bank of the United States.
The tunnels connect the White/Story compound to the old man’s mansion. The old man bankrolled Joseph Jr. & Stephen White Co. and the construction of his nephews houses with the tunnels attached to them. I have been in the White brothers homes and seen the sealed up entrances to the tunnels and I have friends who have played in the tunnels attached to Judge Story’s House. I have been in the tunnels under the old Sacon Jewelry Building. It leads me to strongly believe that this house with exterior chimneys, the tunnel marked on an old city engineers map leaving the Armory, it was built by Samuel McIntire, plus manhole covers reading “Sewer”, “Drain”, and “S” which mark converted tunnels for public utilities in front of the property lead me to believe this house is connected to the tunnels in town.
Get the book everyone digs before its sequel comes out!
Salem Secret Underground:The History of the Tunnels in the City!
Available at Barnes & Noble, Remember Salem, and Wicked Good Books in Salem on Essex Street. Also on Amazon.com!
OK, what would you say if I can connect re-branding the game Cluedo, the First National Bank of the United States, George Peabody & Co., Panic of 1837, cherries and milk, and the 1841 Bankruptcy Act to Clue, The Federal Reserve, JP Morgan Chase, 2008 Financial Collapse, three presidential assassinations, and The Capital Purchase Program? Why do I ask, if you do not know the answer to this question history only repeats itself. Now let me show you…
In Salem the ghastly murder of Captain Joseph White is still remembered. Every time you go buy a tour on Essex Street you can catch a guide telling the tale once more. For most of us we only know of the story from the popular Parker Brothers game Clue which incorporates a Mrs. White and basis the rooms on the board on the house Mr. White was murdered in. Yes, another house attached to tunnels. This was the re-branding of an English game called Cluedo.
A little background. Joseph White was insulted throughout his life by two business partners, Joseph Knapp Sr. and Richard Crowninshield Sr. One had lost his favorite ship called the Revenge to the Pirate Philips and had his namesake marry his niece he was trying to have a child with. The second gentleman had insulted him publicly after the Embargo Act was lifted when three ships were captured by the French general Marat in Naples. Richard’s I told you so did not go over to well.
So to get his Revenge, Joseph White had his nephew Stephen White murder him while he was on his death bed and blame the children of those two business partners who he thought had done him wrong. Stephen White who had lost his wife and mother in 1827, the same year Joseph Knapp Jr. had married his cousin away from his uncle. Stephen White would have 27 men hunt down the murderer and proposed a $2,700 reward for their apprehension. Also 3 months after the murder State Superior Court Justice Parker, the Parker Brothers uncle, would die mysteriously before presiding on the case. It was three years since the deaths of Stephen White’s mother and wife.
Stephen White will pay Daniel Webster $1,000 to try not only Joseph Knapp Jr. and Richard Crowninshield Jr. but also Joseph’s brother Frank. Richard would die by his own silk handkerchiefs from a low window with his knees almost touching the ground in his cell and the other two Webster would see hanged. White’s daughter married Webster’s first wife’s half brother and his other daughter had married Webster’s son. Daniel Webster the drunken gambler would always be in the debt of Stephen White who who was on the board of the Salem Savings Bank and owned the Asiatic Bank. Webster would also be in the debt of Riggs in Washington who was an agent for George Peabody. Lincoln and many other politicians would owe Riggs a fortune.
Daniel Webster who along with Henry Clay was the head of the Whig Party and the opposition to President Jackson. The Whigs originally called the National Republicans were a re-branding of the Federalists who dug tunnels in Salem in opposition to Jefferson’s custom duties, and painted their chimneys white and black. White and black chimneys at one time were a sign of loyal Tories supporting England. The major goal of the Federalists were the creation of the First Bank of the United States a private bank that was heavily invested into by London bankers who cashed in on securities or bonds given to the soldiers in lieu of pay that defeated them during the Revolutionary War they had gained by purchasing them for pennies on the dollar.
The Whigs were in a battle over the Second Bank of the United States. Daniel Webster was on the board of the Boston Branch of The Second Bank of the United States did not appreciate Jackson’s refusal to renew the bank’s charter in 1836. Jackson claimed the bank took money away from the Common Man and had placed too much of our capital and debt into the hands of English bankers. Rothschild who was heavily invested in state securities in which George Peabody sold him approved of several loans in America and then reversed direction by stopping the flow of currency and then called in many of those debts prematurely. The combination of events created the Panic of 1837.
In response many of the states reneged on payments of their debts to London bankers. In hopes of having the states pay back these securities Daniel Webster had hoped war hero Benjamin Harrison once in office would bring forth the Third Bank of the United States. This was not to happen.
Whigs like Henry Clay and Daniel Webster had hoped Harrison would be their puppet. But this was not going to be so. Daniel Webster had wrote an inaugural address for Harrison in March of 1841, which he rejected for his own that lasted an hour and forty five minutes, which is the longest in history, during a snow storm. This irked Webster. It irked him so much that he used it as the cause of death of the president a month later.
Harrison also shunned Clay telling him that all future correspondences should be done in writing since he banned Clay from the White House. A few days later, however, Treasury Secretary Thomas Ewing reported to Harrison that federal funds were in such trouble that the government could not continue to operate until Congress’ regularly scheduled session in December; Harrison thus relented, and on March 17 proclaimed the special session in the interests of “the condition of the revenue and finance of the country”. The session was scheduled to begin on May 31.
At the session, Clay offered six resolutions as a plan of work for Congress. These proposed putting an end to the independent treasury, the establishment of a new national bank, and a tax increase on imports. They also included a new plan to give the states the money received by the federal government from the sale of public lands. Clay represented an agrarian elite that was at odds not only with Harrison, but also Webster and his clan of seaboard New England merchants. The tax increase on imports was to pull on Webster’s beard. His political base in Massachusetts were the same people who built three miles of tunnels to avoid paying Jefferson’s duties on imports. Clay knew full well about this, especially after conversations and walks he shared with Webster and John Quincy Adams through Joseph Bonaparte’s tunnels in Bordentown, NJ. Harrison would have nothing to do with any of them. Four days later Harrison would be dead.
On March 26th, Harrison would begin to feel ill. Webster would blame this on his long speech during the snow storm, but Harrison did not show signs of a being sick till 3 weeks later. Harrison started to complain about a stomach bug. He had been dealing with dyspepsia for years and thought it was another outbreak and nothing more. Although we have no record of how he managed his dyspepsia, the standard treatment in the 1840s was carbonated alkali, which would have neutralized the gastric acid that otherwise kills harmful bacteria. In the absence of the gastric acid barrier, gastroenteritis can be caused by as few as one ten-thousandth the number of bacteria usually needed. By April 4th Harrison was dead.
Dr. Thomas Miller had given him a host of toxic medications that were then considered the standard of care — including opium, which retards the intestine’s ability to rid itself of microbial pathogens, facilitating their invasion into the bloodstream. Enemas, which Miller repeatedly gave to Harrison, are also potentially dangerous in such patients. They can perforate ulcers produced by S. typhi and S. paratyphi in the ileum, the lower end of the small intestine, through which the bacteria would be able to escape from the intestine into the bloodstream, resulting in sepsis. In 2014 a medical analysis had determined that Harrison had died of Typhoid which brought about pneumonia and not from his long speech during a snow storm 3 weeks prior.
In Washington D.C. the “night soil” from chamber pots and other collections of sewage was within range of leaking into the cities water supply. These situations would of resulted in cholera and typhoid deaths in the region that Miller had access to. The first time in recorded American history disease was used to kill an enemy can be recorded in 1764 at the Siege of Fort Pitt when the British purposefully gave members of the Delaware tribe blankets and a handkerchief infected by smallpox. It would not be beyond Harrison’s contemporaries to use typhoid or cholera infected food or water along with his dyspepsia complicated with the enema, opium, and carbonated alkali. It is said that typhoid takes 3 to 4 weeks to run its course and then either you survived or your dead. Cholera would take 1 to five days. Harrison had died within a month of taking office and 8 days after reporting to Miller his sickness.
Is there a history of people being murdered by typhoid? In antiquity it was rumored Alexander the Great was poisoned by typhoid in his food. Dr. Hyde Benet Clark would use a mixture of cyanide, strychnine, and typhoid to wipe out his wife’s relatives to he her aunt’s fortune. Lydia Southard in 1915 would kill 4 husbands and some of their relatives with Typhoid. Arthur Warren Waite in 1916 spiked a can of tuna fish with typhoid to kill his mother-in-law and used barbital to help her along.
Did Harrison’s death do Webster and Clay any good in the restoration of a semi private bank of the United States? No. In a turn of events that was not going to be seen until Theodore Roosevelt would succeed after McKinley’s assassination, Tyler would go on to veto the creation of the Third Bank of the United States on August 16th which led to riots by Whig members on the White House. After this it was seen as prudent to create the first police force in the capital. The Second Bank of the United States which had been acting as a totally private organization run by bankers in London finally gave up its ghost soon afterward. Webster’s position as director of the Boston branch came to an end as well.
After the second veto by Tyler on September 11th, Henry Clay in hopes of having Tyler resign had the majority of Tyler’s cabinet, not including Webster who he was quarreling with, remove themselves. Tyler then gained support with the Democrats who were promising him the next election. Andrew Jackson writes a letter applauding Tyler in his decision. In modern history September 11th can be seen as the crowning moment of George W. Bush’s presidency which culminated in the successful re-branding of his father’s and brother’s Saving and Loan Scandal and its bail out in 2008.
But what was gained was the distribution to the states of the proceeds of public-land sales for a short period before repealed which netted the states $600,000. This would of provided the states the money needed to pay back their securities they defaulted on that the Second Bank of the United States and London bankers like George Peabody and Nathan Rothschild held. Also Tyler enacted the Bankruptcy Act of 1841 that bailed out the banks and investors who suffered after Jackson’s veto of the Second Bank of the United States in 1836 which led to the panic the next year. 33,000 cases were heard during a short period of time, which flooded docket courts, before it was repealed. Edgar Allan Poe tried to use his minor connections to Tyler to to be declared bankrupt which failed. Judge Story, Webster’s wife’s uncle defended it in the Superior Court. It was the grandfather party of the Whigs, the Federalists, in 1800 that secured the first bail out or Bankruptcy bill which Jefferson repealed in 1803.
Also in the year of 1841 Stephen White’s brother-in-law and father-in-law to his son Daniel Fletcher White had died. Stephen White, the financier behind Webster and the man who brought him into conspiracies of murder has died. How much did Stephen White have to do with the assassination of Harrison is to be further pursued in the new book Subrosa. Is it a coincidence that the man openly who presided over Webster had no true power and the man behind the scenes who pulled his strings for so many years would die in the same year?
Now in 1850 Webster would be called away from his lucrative law practice in Boston to be once more Secretary of State. This time for another Whig president, Millard Filmore. To offset his losses from leaving behind his law practice a cohort of international bankers, and probably some from Massachusetts, had set up a fund of $20,000 for Webster to draw from.
Another reason Webster took the position was that he ruined his career with his northern supporters after his “Seventh of March Speech” which lasted three and a half hours, quite short for a man who once spoke for five hours after an extra special dinner. In that speech in March he called for the preservation of the union at all costs, rallied against his abolitionist supporters, and said that the slaves in the south experienced better working conditions than free workers in the north. Webster also contended that there is no cause to complain about the continuation of slavery where it already existed and he believed there was no fear of extending slavery into the parched areas of the southwest. In fact most people who ventured west had given up before the five year mark of obtaining a title grant out west because they could not meet the necessary yield in farming needed due to the lack of rain. He also said that the south deserved protection of their property and he urged for stronger slave fugitive laws. We are called to mention once more that his adviser Stephen White had practiced within his uncle’s slave trade. Captain Joseph White had once said that he would sell anyone no matter what color they were. Horace Mann and Ralph Waldo Emerson levied abuse to him in New England papers and helped ruin any future political career in New England he had at one time. In spite of this he looked forward to winning the presidency after Taylor…
His opposition against Taylor had cost him his career. There were plenty of others who wished the president dead. Taylor had threatened to hang anyone who would go after secession on the slavery issue in the new territories. On July 4th during the dedication of the Washington Monument Taylor got overheated and then shocked his system by consuming copious quantities of iced milk and cold cherries which would bring about his death on the 7th. Gastroenteritis again, just like what Harrison suffered, caused by the highly acidic cherries combined with fresh milk (I know in my case milk coats my stomach when I have indigestion..) Supposedly the milk and cherries brought on a bilious fever, typhoid, and cholera morbus (a general term for bacterial infection of the lower colon.) resulting in debilitating diarrhea which is a nutritive expulsion and dehydration coupled with a buildup of excretive acids in bowels and intestines. Typhoid or cholera poisoning once again. Taylor lasted 16 months in office. Fifteen months longer than Harrison his Whig compatriot.
By the way, Webster served out the rest of his life as Secretary of State till 1852 and dies the same year as Henry Clay.
Some history books still mention the deaths of the only two elected presidents from the Whig party as one got too cold and died and the other got to hot and died from drinking milk and eating cherries. A third would include Lincoln who was a Whig that joined the newly formed Republican Party.
By the way Polk would also die 3 months after leaving office from cholera in 1849, 13 months before Taylor.
During Polk’s presidency he restored the Independent Treasury System that Harrison disbanded for the Whigs before his death. This ran up against their constant desire to establish the Third Bank of the United States. It also stood up for Jackson’s hard money stance against the Whigs. It lasted until 1913 when the Federal Reserve was created.
The Fiscal Bank of the United States was passed by Congress in 1841. Tyler vetoed it believing it was an vague attempt of re-branding the Third Bank of the United States under a new name. It is a miracle what re-branding can do. You take a pile of horse shit and re-brand it manure and you can make a fortune. In 1913 this is what many think the London bankers did when they help institute the private bank called the Federal Reserve.
At the beginning of this article I had said I could show you the importance of history by showing you how the tunnel digging Federalist in Salem who supported strong ties to London and their bankers through Peabody, Morgan & Co. re-branded themselves Republicans, to be called Whigs, and Republicans once again had conspired in the creation of a series of National Banks of the United States through the murder of 3 presidents, engineered by the director of their Boston Branch and his financier, within their own party to have the majority of the nation’s finance in the hands of English banks that have engineered panics, depressions, financial collapses, and bailouts.
Financial collapse? JP Morgan Chase and Morgan Stanley have been fined recently for engineering the 2008 Financial Collapse. George Peabody, the friend of Nathan Rothschild, the man that bailed out the Brown Brothers who have been influential in the Republican presidencies of both Bushes, the person who rescued Stephen White’s failing museum is re-branded today as JP Morgan Chase and Morgan Stanley.
Bail Out? In 1841 the Bankruptcy Act rescued those merchants working for London bankers in America after Jackson refusal to renew the Second Bank of the United States charter in 1836 which led to the plan in which Nathan Rothschild and Peabody bankrupted America during the Panic of 1837. Bankruptcy Act was re-branded the 2008 Bail Out that rescued JP Morgan Chase, Morgan Stanley, Bank of New York (Alexander Hamilton’s bank who created the First Bank of the United States.), and a bank now called Bank of America (no relation).
So history is important, for it keeps repeating itself if we are not careful through re-branding. So remember my statement of manure; no matter what you call it, it still smells like a honey pot.
p.s. If you think this ending is grasping at straws, well it is intended to leave you wanting more. A more thorough explanation will be given within the new book “Subrosa” which is the sequel to “Salem Secret Underground: The History of the Tunnels in the City” which is available on Amazon and soon Barnes & Noble.
George Peabody was the founder of Peabody, Morgan & Co. which is the grandfather of JP Morgan & Chase, the largest US Bank with $2.509 trillion in assets, and Morgan Stanley ($347 Billion in assets) which was just got slapped on the hand with a $1.8bn combined fine for causing the 2008 bailout. Morgan Stanley taking $1.25 billion in fines.
Now the history of these banks have a long history of causing panics and profiting from them. During the run on the banks of 1857, George Peabody had to ask the Bank of England for a loan of £800,000. This gave them enough money to buy securities below market value to sell later at inflated prices in a market in which they were the only ones who had cash in hand. Could the panic have been planned and who helped them within the Bank of England? Can it happen again? Lets look back to 2008.
In 2008 two of the banks that can trace their roots to George Peabody received funds from the 2008 bailout. J.P. Morgan & Chase received $25,000,000,000. Morgan Stanley received $10,000,000,000 . The funny thing is that J.P. Morgan influenced Nelson Aldrich in his plan that morphed into the Federal Reserve Act which was instrumental in creating the Federal Reserve which was to protect the country from future panics and bailouts after the 1907 Panic.
The history of George Peabody and his bank is thus. In 1835 George Peabody and Company is formed. IN 1854 Junius Spencer Morgan is partnered to form Peabody, Morgan, & Company. Peabody, Morgan & Co. then took the name J.S. Morgan & Co. . After J.S. Morgan died from a carriage accident on the Riviera his son took over the company and called it J.P. Morgan & Company . The former UK merchant bankMorgan Grenfell ,now part of Deutsche Bank, joins J.P. Morgan in the London Round Table Group in 1891 which influences the creation of the Council on Foreign Relations in 1918. The corporation, formed by J.P. Morgan & Co. partners Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935, in response to the Glass-Steagall Act that required the splitting of commercial and investment banking businesses With today’s Peabody’s bank and his role in orchestrating many panics and depressions in the world’s economics.
Now there was another Panic in 1837, the year J.P. Morgan was born. Panic of 1837 was engineered because the charter of the Second Bank of the United States had run out in 1836. President Jackson promptly withdraw government funds from the Second Bank of the United States, but he deposited these funds, $10 million, in state banks. An immediate expansion of the national economy resulted, the national debt was paid off, and the country had a surplus of $50 million in the Treasury.
The Rothchilds had an answer to this. See Baron James de Rothschild (Jacob Mayer Rothschild) of Paris was the principal investor in the Second Bank of the United States. Jackson called the bank a den of vipers and had it closed. Even though in 1835 The French house of Rothchild had become the financial agent for the U.S. Department of State, this did not offset their loss a couple months later when the Second Bank was closed. Then in response the Panic of 1837 was aggravated by the Bank of England when it in one day threw out all the paper connected with the United States which was controlled by Baron Nathan Mayer Rothschild.
The Rothschild family began with Mayer Amschel Rothschild who was the court Jew to the Langraves of Hesse in Frankfurt. To escape the downfall of many court Jews prior to him in Europe, he sent his five sons to start banking firms in five different nations.
This prevented their banking houses from being subject to local politics or one prince or king refusing to pay a Jew. Monarchs had been declining to pay their debts to Jews since Roman days. Establishing five Houses in Five different countries protected the Rothschilds from this. It also led them to more independence from any particular countries rise or fall.
The Bank of England’s act in 1837 meant they refused to accept or discount any securities, bonds or other financial paper based in the United States? Why, the Bank of England wanted to create an immediate financial panic in the United States, cause a complete contraction of credit, halt further issues of stocks and bonds, and ruin those seeking to turn United States securities into cash.
Even though Nathan Mayer Rothschild almost single-handedly funded England in the Napoleonic Wars and their allies (mostly likely bailing out his younger brother Jacob the first time), he could not appear in polite London society and its circles. He needed an inside voice.
When George Peabody moved to London to establish a firm there in 1835, after his successful dry goods, cotton, and slavery business in Baltimore with Elisha Riggs, he became Rothschild’s answer. Nathan was much hated in London and the aristocracy denied all of his invitations to his home. So he set up Peabody with the capital to entertain and cajole them to his thinking. The parties were so celebrated, Peabody even got the British to celebrate July 4th. Peabody had been traveling to England since 1824 to sell his cotton in Liverpool at the advice of another Baltimore banker Alex Brown who started a firm in 1810.
Alex Brown and Son & Co. is today’s firm of Brown Brothers Harriman New York and Brown, Shipley and Company London. Sir Montagu Norman, Governor of the Bank of England for many years, was a partner of Brown, Shipley and Company. Now the Brown brothers partner was Sir Montagu Norman, the Mayor of the Bank of England. He was organizer of “informal talks” between heads of central banks in 1927, which could of led to the Great Stock Market Crash of 1929.
Now back to the Panic of 1857 and the bailout of Peabody, Morgan & Co. With the loan from the Bank of England they were the only bank who had cash on hand to purchase depreciated securities thrown on the market by distressed investors in America to later sell them at their true worth later. The Bank of New York founded by Hamilton also did this by buying soldier’s back pay for pennies on the dollar.
Hamilton also created the First Bank of America on this same principle. The Bank of New York would also receive a bailout in 2008.
Now Rothschild had financed the new wealth in America through the Morgans. Their firm would also become part of the Council of Foreign Relations. Currently Carla A. Hills is their Co-Chairman. She is on the international board of J.P. Morgan Chase, and a member of the Secretary of State’s Foreign Policy Advisory Board. Also under Woodrow Wilson’s administration Republican Nelson Aldrich would write the Aldrich Plan which Wilson altered to create the Federal Reserve or the Third Central Bank of the Untied States. Aldrich’s son in law was John D. Rockefeller Jr. and his friend was J.P. Morgan. His plan was slightly altered and became the Federal Reserve Act. Plus he modeled his plan after the German centralized bank controlled by the Rothschilds.
So what is the plan?
Cause a panic
Have people sell goods and commodities below their value
Influx some cash to the right players to buy those goods and commodities
Then sell them at regular or inflated prices
wait a few years
So you can say the underworld of international economics started in the tunnels of Salem with their own native George Peabody and his friendship to the powerful British banker Nathan Mayer Rothschild which still persist today. How long will it last till the world digs up the truth. To find out more read Salem Secret Underground and visit the Salem Tunnel Tour today and book your tickets!