Nexus - 0218 - New Times Magazine-pages

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He sold shares of stock to buy ships for his all-negro Black Star H. Hoskins, was a physician in Hazard, Kentucky. His patients Line. "An ‘all white’ court deemed Garvey's efforts visionary, | were miners. Coal prices peaked in 1920 and started down. He impractical and partaking of fraud. He was sentenced to five years _ had plenty of patients, but the patients had no money. Dad could- in a federal prison."* When he was released he was deported as an _n't meet expenses and lost his hospital. There was a radical undesirable alien. change in the nation's economy between 1920 and 1923. As soon as the Garvey movement was put down, another one In the 1920s it was the banks that sold most of the stocks traded arose—the Peace Movement of Ethiopia. In 1933 a petition on the exchanges, not the brokerage firms. They sold stocks on signed by two million blacks was sent to President Roosevelt 10% margin and lent 90% at high rates of interest. Fantastic sums requesting that their relief money be put in a fund to help them to _ were borrowed for this purpose. return to Africa. 1925 Washington state municipal Roosevelt had been put into the defaults started, including Tacoma White House by the North-East z and Spokane. Two per cent of the lsodiag interests. bn job was to Roosevelt had been put into the =e. The stock market ‘orce Americans to borrow money . climbed. into existence to get the country out White House by the North-East 1926 Mussolini regulated pimps, of the depression, and also turn a H i is] whores and usurers to a fixed place pele mye gh aed nt lending interests. His job was to meer eae da allow millions of debt-free potential force Americans to borrow Money ties went into default in Washington borrowers to leave. He refused to + . state. Two per cent more of the see the black delegation with the ito existence to get the country out fonc: failed. "The stock market was 9 of the depression, and also turn a —— bo enator Bilbo introduce: ‘our per cent of the the Greater Liberia Bill, supported profit for the banks. failed. Steak market soared. with a petition signed by two and Florida defaults started again, joined one-half million blacks, The bill by Arkansas municipal defaults. was quietly sent to committee to die. Mrs Gordon, President of the Peace Movement of Ethiopia, spoke References: strongly against the attempt to kill the bill. She was charged under |, ‘As in the case of Holland and England carlier, many of the new nation’s the sedition laws and jailed for two years in a federal prison. tulers were in the usurers’ pockets. Among those who were permitted to get In 1949 Senator Langer presented the Langer Bill to aid blacks __ in on the original subscription to this bank were Benjamin Franklin, Thomas who wished to return to Africa. It was backed by many black _ Jefferson, Alexander Hamilton, James Monroe, John Jay, John Paul Jones organisations. It was referred to the Committee on Foreign and Commodore John Barry. Robert Morris, superintendent of finance for Relations and never heard from again. the Continental Congress, was a leading force. The bank opened with capi- As discussed catlier, in a usury society slaves are freed to bor- tal assets of $335,000 on 1 January 1782. In four years it had assets of . row money into existence and for no other reason, The ex-slave 52-000,000—a 600% growth. This bank grew until it had 68 branches in its has f 1 lew igene. Hi n own trade area. In 1836 it included the Bank of St Thomas in the Virgin ine par oe ee toutes’ does not Tienda. In 1935 it took over the Nasional Bank of the Danish West Indies, 5 s an intemational network based in London. In its possession is the oldest 1923 A total of 18,718 businesses failed. My father, Dr John cheque drawn on a bank in America, dated 18 lies 1782. 7 2. A rare UP article which MT 5 z appeared in the Arizona Republic, 7 HP ER 2 § January 1974, revealed that "Chase tft] Peak oumber of banks ~ : bot 1 q Manhattan Bank in 1972 well, | haa st dO E ee | held...stock...in 28 broadcasting ti hist * “Number of bunks uben Federal ae aah | : ped | == by = fims (while) Morgan Guarantee : a ee ae 1; 4 ypbaee | on = used 13 ‘nominee names’...which )ttes Tus cloaked. .the fact that Morgan Guarantee was among the top 10 stockholders of 4] different utility tht: i 1 companies.” whoving 4 booms und 3 busta since 1770. ft! [il ifiiply : 3. Sheldon Emry (PO Box 5334, | it Phoenix, AZ 85010, USA) is one of the most outspoken Christian minis- ters in America on the subject of Bible Law. He has an information newsletter and an excellent tape ministry available for a modest donation. 4. Emest Sevier Cox, Teutonic Unity, Richmond, Virginia, 1951. His White America is in print and may be purchased from The Noontide Press, PO Box 76062, Los Angeles, CA 90005, USA. 5. Abraham Lincoln supported the African colonisation programme. © Inforeetion from the Historicel Gtatietion of the United Staten. This is the other reason, in addition —_ : to his issuing ‘greenbacks’, which is NUMBER OF BANKS SINCE 1780 given by some for his being shot. nit tin ij a pester of banks : fh ATE i * Number of banks when Federal Reserve vue Torned - iy Ae |i AAln AAT r) * Information from the HHatoricel Stattetion of the United Staten. NUMBER OF BANKS SINCE 1780 1780 34*°NEXUS FEBRUARY - MARCH 1994