having with it a Lord Overstone....
“The Federal Reserve Act will be associated in history with the name of Paul M. Warburg....”—(pp. 387–390, Vol. 4, No. 4, Proceedings of the Academy of Political Science, Columbia University).
It surely cannot be considered invidious for The Dearborn Independent thus to introduce to the people of the United States a gentleman whose influence upon the country is so vital. Just how vital can be understood only by those who have studied the puzzle of a country filled with the good things of life, and still unable to use them or to share them because of a kink in the pipe line called “money.”
But that Mr. Warburg himself is not entirely unaware of his position is indicated on page 56 of his testimony quoted last week. Mr. Warburg had just told the Senate Committee that he was making a heavy financial sacrifice to accept the position on the Federal Reserve Board offered him by President Wilson, and into the fitness of which appointment the Senate was carefully inquiring: