Part III Glorious City
How gold was accumulated in the City
25-Real estate scam
28-Takeover in the City
29-Holy Roman Empire
In early 1790, Mayer left for America with his three teenage sons, Amschel, Salomon and Nathan. The last time he had travelled to the new world was in 1785 when he went to arrange for the transfer of power following Haym’s death. On this present trip, he wanted the boys to meet Ephraim Hart, the political leaders, and the people who helped create the Bank of North America. He also wanted to expose them to life in America. He especially wanted the boys to meet Benjamin Franklin before it was too late. Unfortunately, Benjamin was old and in poor health, and they arrived too late.
But business carried on. Mayer met with Moses Hayes in Boston, Ephraim Hart in New York and the Gratz Brothers in Philadelphia. Robert Morris who had done such a superb job as head of the Bank of North America and Superintendent of Finance had passed on the torch to his young protégé, Alexander Hamilton, who was now Secretary of the Treasury. Alexander was a true prodigy and was handling the young nation’s finances brilliantly. When Mayer met with Robert Morris, he told him how satisfied he was with their work, and that he and Alexander were now officially part of his extended family. They were hereafter free to use their own good judgment in the running of the country’s finance. Of course, Robert was to consult with Alexander, Moses, Ephraim and the Gratz Brothers if urgent matters came up, or directly with Mayer in Frankfurt if he deemed it necessary.
He then met with Washington in his magnificent renovated Mount Vernon estate and congratulated him on his election victory. He had assured him that since trade and commerce was developing at breakneck speed, he and his political supporters would continue receiving unlimited funding in order to carry out their mandates as they saw fit.
Next, he met with Alexander Hamilton and congratulated him on getting George Washington elected. He also told him how impressed he was with the work he and Robert Morris were doing. He then brought up the subject of the Bank of North America charter that was expiring in 1791. Hamilton was way ahead of him on that one, for a first draft of the 1st Bank of the United States of America charter that was to run for another twenty years was already being circulated and was meeting with very little opposition. Mayer was indeed impressed by this young man.
The states were developing by leaps and bounds, Mayer’s people were rich and getting richer, and his bank’s charter was about to be renewed for another twenty years. There was absolutely nothing for Mayer to worry about. He always surrounded himself with Ashkenazi if he could, for they were his people, and he could trust them with his life. If he recruited people like Morris and Hamilton it was because of their talent and because, as goys, they were indispensable in representing his interests within the sphere of government. In all cases, his main objective was to command genuine loyalty. He made sure his collaborators always had enough money to reach any goal or satisfy any whim without their having to ask Mayer. People don’t necessarily like being on a string, but severing a link to such bounty is unthinkable, especially when it’s so easy to forget the string exists. One thing was certain, America and his bank could look forward to twenty years of peace and prosperity.
The only matters that needed immediate attention were getting permanent residences for the President and Congress. Mayer’s associates all agreed that having the federal capital at the head of the Potomac River was the best choice. The area would be slightly in the southern portion of the new nation, and strategically, it was well-protected. They all agreed that the President and his staff should have a residence separate from that of the people’s representatives. Although the constitution, drafted by Hamilton, Madison, and Jefferson who had just come back from Paris, had been signed the year before, some states were still holding back. However, Alexander was certain the Compromise of 1790, that he had drafted according to Mayer’s wishes, would be accepted and would lead the way in the creation of a strong federal state.
Before setting sail for the trip home, Mayer and the boys decided it would be a good idea to go by way of Paris, in order to see what was happening in France. Mayer was also anxious to know how much gold bullion his real estate operations were generating. When they arrived in Amsterdam, they took a Thurn and Taxis mail coach in order to avoid problems with the French authorities. Mayer had written ahead to David Schiff, Moses Montefiore, Francis Baring and Gabriel Julien Ouvrard, and the Goldsmid Bros. in order to convene them to a meeting in Paris. His associates were perceptive men who knew London, Amsterdam and Paris well, men who kept abreast with what was happening in Europe generally, and France in particular.
The meeting took place in Gabriel’s mansion in Paris. Since it wasn’t a good idea to show off one’s wealth in France at that time, they kept the meeting low key which suited Mayer very well. Mayer and the boys listened with the greatest attention as they were briefed on the state of the real estate sales and on the latest developments of the ongoing revolution.
The counterfeit assignats printed by Johannot went undetected, and all of Ouvrard’s agents, Huguenots who were now working out of the lodges of the Grand Orient of France, were buying the prodigious properties as they were put on the auction block throughout France. Ouvrard had already started selling the properties for metal currency, mainly gold. As the sales were completed, Baring conveyed the gold to London via Rotterdam where it was deposited in the Goldsmid vaults in the City. Schiff in Rotterdam and Montefiore in London were to make sure everything went smoothly. So far, there had been no hitches and the elite group assembled in Paris didn’t foresee any. Mayer’s boys were in admiration of their father who had set up such a marvelous scam where no one was harmed that hadn’t already been harmed.
Mayer and the three boys left Paris in good spirits, except for Nathan who was complaining about not being allowed to go and witness the demolition of the Bastille prison. In order to humor Nathan, Mayer talked about plans for the family as it pertained to London. Soon, he would need to have one of his sons take charge of family affairs in the City. It was a foregone conclusion that Amschel, the eldest son, would be the future head of the family and remain in charge in Frankfurt. Mayer planned to send Salomon to Vienna to supervise the massive banking operations in the loosely united Holy German Empire. As for London, since Nathan spoke English best, he would be sent to the City when he reached 21.
When Mayer got back to Frankfurt, the first thing he did was sit down with his only confidante, his wife Gretel, and acquainted her with the latest developments in America and France. All was going as planned in America, and there wasn’t much to add. Benjamin’s passing had been deeply felt by Mayer, but the 1st Bank of the USA was about to receive a 20-year charter, and the buildings housing the President and Congress would be built at the head of the Potomac River to the south. With Morris and Hamilton at the helm, things could not have been better.
In France, however, it was another matter. The year before, the Illuminati had financed a meeting of provincial representatives who had been either named or elected and asked to draw up lists of grievances in view of bringing them to the King’s attention. When they congregated in Versailles, the clergy and nobility refused to sit in the same room with them, and the King cancelled the meeting. Mirabeau, the undeclared leader, then convinced the people’s representatives to hold a meeting on their own. Naturally, when they declared their body to be the official government of France, the King sent in the National Guard to disperse them. Mirabeau seized the moment, stood up to the sergeants, and the assembly refused to disband.
While this was going on, programmed famines were creating havoc in all the major French cities. In Paris, the Illuminati were promoting meetings where unsavory characters met at the Palais Royal, the Paris residence of the King’s brother, the Grand Master of the Orient of France. The courtyard had become a meeting place for all the hotheads and lowlifes who were attracted by the firebrand speeches. Last July, a throng had assembled in the courtyard, and fired up by the speeches, went and stormed the Bastille, the much hated royal prison. The prison governor was decapitated and his head was paraded through the streets of Paris.
A few weeks later a procession of very odd masculine ladies accompanied by Lafayette’s National Guard went to fetch the royal family in Versailles. Versailles had been financed and built in anticipation of this very moment, a time when the absentee King would be forced to answer to his people in Paris. Without any opposition, the royals were brought back to Paris where they were put under house arrest in the Tuileries. The National Constituent Assembly thought it best to follow the King to the Tuileries in order to remain at the center of power. The National Assembly then had to find a source of revenue. So, as expected, they voted to confiscate church property and proceeded to print Assignats, certificates sold for hard currency and that were to be used to buy confiscated Church property at the different auctions.
Gretel already knew that Mayer was involved in buying the properties with French counterfeit money, and reselling them to the French for gold. Nevertheless, Mayer reiterated that what he was doing was not for personal gain, but rather to accumulate gold. France was being flooded with counterfeit bills, and there was a lot of confusion, but the high quality bills used by Mayer’s agents were going undetected. The agents working for Ouvrard, and consequently for Mayer, had already bought a considerable number of prestigious properties and were selling them at a reduced price as long as gold was used for the transaction. At auction, the French, who were outbid by Mayer’s agents who had unlimited amounts of bills, were quite willing to buy the properties at a lower price from those same agents. Ouvrard then sent the gold bullion to the Goldsmid Bros. in the City, in London. Francis Baring, the Chairman of the East India Company in Amsterdam, was charged with the responsibility of conveying the bullion to the Goldsmids. Necessarily, the Goldmids were becoming the biggest shareholders in the Bank of England, and David in Amsterdam and Montefiore in London were making sure the gold transfers were going well. Everybody earned a generous commission and was becoming very rich. As the bullion entered the Goldsmid vaults, it was stockpiled and remained so. The City was a state within a state and the gold was well protected.
Nobody knew what Mayer was really worth, most didn’t even know he existed. Some people knew he was rich, but they also knew he lived in a ghetto, and they didn’t know what to make of it. Mayer already controlled the monetary system of the United States of America, which meant he had the final say in what was to be financed and what direction that country would take. In time, the American politicians would question the bank’s origins and wonder who the owners were, but Mayer would maintain his anonymity. People didn’t know that what was best for the bankers was also what was best for the people, and they tended to envy and even revile the bankers who as far as they were concerned enriched themselves at their expense. Since there was not much they could do if they didn’t know where to point the finger, that’s the way it would continue to be. As long as everybody was kept guessing concerning the working of the monetary system, and as long as Mayer did what was best for the country, the people would eventually and grudgingly accept the fact that it was the only way democracy could work without ever understanding what democracy was.