The Washington times., 1917-02-12
IMPEACH RESERVE
BOARD, He URGES
Lindbergh Charges All Men,
bers With High Crimes
and MisdemeanorS.
Continued from First Page.)

CONTINUED from First PaEe.)
and extraordinary powers, and to Sc
cure persons for membership on the
board who would by subterfuge, ma
nipulation and false administration
so manage as to avoid the spirit and
purposes of the people OF the United
| States"
Helped Draft Bill.
Mr.. Lindbergh adds that Mr.. War
burg participated in drafting a cur
rency bill, and was instrumental in
promiting appointment OF a board "to
carry out the designs of the conspira-
tors aforesaid"
He adds that a propaganda cam
paign was inaugurated by big bust
ness" and that in newspapers and
magazines a reserve act in keeping
with the desires OF the "consiprators"
was finally approved.
Properly administered, says Mr..
Lindbergh, the Federal reserve act
may correct some of the evils of the
currency system heretofore in ef-
feet, but that it also contains pro-
vision which make IT possible for
board to so administer it that it is
worse than the old system.
Extensive Operators.
Mr.. Lindbergh adds that the Fed
erai reserve advisory council as well.
as the Federal Reserve Board "are
men with enormous business inter
ests, and each of them have been
fore more than fifteen years past and
are now extensive operators and
spectators for Individual profit and
gain in the markets and control sew
eral of the largest banks in the coun-
try"
Several of the council, Lindbergh
says, own stock in National City Bank
Of New York and the First National
Bank of New York, these banks be-
ing the two banks charged hereinbe-
fore with being parties to the said
conspiracy, and said members also
own stock and are interested in busi-
ness managed and controlled by the
parties specifically named as the con-
spirators in the paragraph herein
before designated"
ChafEes Conspiracy.
Lindbergh charges that Paul N.
warburg was a party to the con-
spiracy at its original formation, and
that each of the members Of the
Federal Reserve Board and the Fed
eraI reserve advisory council are as
sociated with and form a part Of a
group of promoters and spectators
the individual members of which re-
side in various parts OF the United
States and a few in Europe, which
group individually and collectively
deal in credits, stocks, bonds, securi-
ties, and various promoting enter
prises from which they have made
billions of dollars in profits"
Continuing, Lindburgh charges that
these "conspirators" instigated cam
paign resulting in the passage of the
Federal reserve act and that the nVe
active members of the Federal Re
serve Board through the influence ex-
ercised over them by the advisory
council the members of the Federal
Reserve Board have failed to admin
lister the Federal reserve act In ac-
cordance with the inten OF Congress,
but, on the contrary, he said five &C
tive working members of the Federal
Reserve Board have admin
istered and are now administering the
reserve act with the intent to co-or-
dinate big business and 'specula-
ton {" for the beneft of the said group
of operators and spectators herein
before designated as having taken
part in the original conspiracy"
Those Not Impeaehed.
Lindberg names as members of the
advisory council who are familiar
with the general alleged conspiracy.
bat are not impeached by,Lindberg.
the following persons:
]. p. Morgan, of New York; Daniel
c. Wing, of Boston; Levi L. Rue, OF
Philadelphia; w. S. Rose, of CleVe-
land; ]. N. Dorwood, of Rrichmond;
Charles A. Lyerly, of Atlanta, J. b.
Forgan, of Chicago; Frank o. Watts,
of st. Louis; ]. r. Mitchell, of Min
neapolis; Z. F. Swinney, of Kansas
City; T. ]. Record, of Dallas, and
Herbert Fleischhacker, OF San Fran
cisco.
Lindbeerg also claims that there
has been a boycott of State and other |
banks not in the Federal reserve sys-
TEN and that the members of the Fed |
eral Reserve Board have been cog
infant of this boycott as a part OF the !
alleged conspiracy.
A general maladministration of the /
Federal reserve act is alleged by |
Lindberg, who concludes with the |
statement:
Final Change.
In order to create Industrial slaves !
of the masses. the Aforesaid conspirat-
ors did conspire and are now conspir-
ing to have the Federal reserve act |
administered so as to enable the con-
spirators to coordinate all kinds OF
big business and to keep themselves
in control of big business in order to
amalgamate all of the trusts in one
great trust in restraint and control OF
trade and commerce and
that the said five active working I
members OF the Federal reserve board
have all the time by wrongful ad-
OF the reserve act aided
and abetted the aforesaid conspirators
in promoting and carrying out the
objects of their conspiracy and have
refused and failed to administer the
Federal reserve act in favor OF the
general welfare.
BUILDING PERMITS.