Colonel House, Woodrow Wilson, and the Money Trust

Edward Mandell House, or Colonel House, was President Woodrow Wilson’s most trusted adviser and one of the most powerful men in the country during Wilson’s presidency. House’s biographer, Arthur Smith, on page 14 of his book The Real Colonel House, written in 1918, wrote that House

“holds a power never wielded before in this country by any man out of office, a power greater than any political boss or Cabinet member.”

What was the nature of House’s power and how did it manifest itself? On pages 4, 35, and 37 of the book The Strangest Friendship in History: Woodrow Wilson and Colonel House, George Sylvester Viereck writes the following regarding Colonel House:

“For six years two rooms were at his disposal in the North Wing of the White House…. In work and play their thoughts were one. House was the double of Wilson. It was House who made the slate for the Cabinet, formulated the first policies of the Administration and practically directed the foreign affairs of the United States. We had, indeed, two Presidents for one!…

The Schiffs, the Warburgs, the Kahns, the Rockerfellers, the Morgans put their faith in House. When the Federal Reserve legislation at last assumed definite shape, House was the intermediary between the White House and the financiers.”

These quotes are cited from pages 457 and 458 of The Creature from Jekyll Island, A Second Look at the Federal Reserve, by G. Edward Griffin.

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