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An American Affidavit

Monday, November 23, 2015

Chapter Four: ROOSEVELT'S SOCIALIST MANIFESTO: The Federal Reserve Conspiracy by Antony Sutton from archive.org

Chapter Four: 

The forces of "the few," i.e., the establishment elite, have 
been in the ascendancy since Jackson's last message of 1837. 
President Martin Van Buren tried briefly and failed to stem their 
power. Abraham Lincoln tried, and also failed. Every president 
since Lincoln has neglected even to try to curb the power of the 

On the one hand is the "money monopoly" controlling the 
status quo and the ruling establishments. On the other hand is the 
"revolution of rising expectations" superficially created by 
socialist revolutionaries, but in fact socialism in theory and 
practice is created, supported and controlled with debt and 
political power created by the "money monopoly." 

In this chapter we will look at an American socialist 
manifesto, the forerunner of FDR's New Deal, written by Clinton 
Roosevelt in 1841. Clinton Roosevelt, one of the lesser known 
Roosevelt cousins was descended from the New York banking 
Roosevelts and linked by his socialist writings to the 20th century 
Roosevelts. Then in Chapter Five we will describe a more well 
known manifesto, that of Karl Marx, also financed from the 
United States. 


The Federal Reserve Conspiracy 

The "money monopoly" creates and nurtures socialism. Let's start 
to probe this idea with the Roosevelts, who have been both bankers and 
socialists simultaneously. 

While one branch of the Roosevelt family developed the Bank of 
New York and the sugar refining industry, another branch of the family 
worked its way into practical politics and even theoretical political 

For example, long before Franklin Delano Roosevelt became 
President, James J. Roosevelt was a member of the New York State 
Legislature in 1835, 1839, and 1840, a member of the Loco Focos and 
distinguished himself by opposition to Whig attempts to eliminate 
"ballot stuffing. " (1) 

Roosevelt was not only powerful within Tammany Hall's inner 
circle but according to one biographer, "he was in effect liaison officer 
between the Hall and Wall Street, one who carried orders from the 
bankers to the politicians and dictated nominations and elections in a 
ruthless manner. " (2) 

James Roosevelt was the 1840s link between the inner circles of 
Tammany Hall and Wall Street banking including the Roosevelts' own 
Bank of New York. But it was Clinton Roosevelt, born in 1804, son of 
Elbert Cornelius Roosevelt, who provided a socialist manifesto some 
years before Marx plagiarized his more famous Communist Manifesto 
from French Socialist Victor Considerant (see Chapter Five). 

Clinton Roosevelt was a 19th-century cousin to Franklin Delano 
Roosevelt, and incidentally also related to President Theodore 
Roosevelt, John Quincy Adams, and President Martin Van Buren. 
Clinton Roosevelt's only literary effort is contained in a rare booklet 
dated 1841. (3) In essence it is a Socratic discussion between the author 
Roosevelt (i.e., the few) and a "Producer" presumably representing the 
rest of us (i.e., the many). 

Roosevelt proposes a totalitarian government much like Karl 
Marx's, where all individuality is submerged to a collective run by an 
elitist aristocratic group (i.e., the few, or 


Roosevelt's Socialist Manifesto 

the vanguard in Marxist terms) who design and enact all legislation. 
Roosevelt demanded abandonment of the Constitution to achieve his 

P. (Producer): But I ask again: Would you at once abandon 
the old doctrines of the Constitution ? 

A. (Author): Not by any means. Not any more than if one 
were in a leaky vessel he should spring overboard to save himself 
from drowning. It is a ship put hastily together when we left the 
British flag, and it was then thought an experiment of very 
doubtful issued 

The Rooseveltian system depended "First, on the art and science of 
cooperation. This is to bring the whole to bear for our mutual 
advantage." It is this cooperation, i.e., the ability to bring the whole to 
bear for the interest of the few, that is the encompassing theme of 
writings and preachings from Marx to the present Trilateral 
Commission. In the Roosevelt schema each man rises through fixed and 
specified grades in the social system and is appointed to a class of work 
to which he is best suited. Choice of occupation is strictly limited. In the 
words of Clinton Roosevelt: 

Whose duty will it be to make appointments to each class? 

A. The Grand Marshal's. 

P. Who will be accountable that the men appointed are the 
best qualified? 

A. A Court of physiologists, Moral Philosophers, and 
Farmers and Mechanics, to be chosen by the Grand Marshal and 
accountable to him. 

P. Would you constrain a citizen to submit to their decisions 
in the selection of a calling? 


The Federal Reserve Conspiracy 

A. No. If any one of good character insisted, he might try 
until he found the occupation most congenial to his tastes and 
feelings. (5) 

Then Roosevelt invented the Marshal of Creation, whose job it is 
to balance production and consumption, much like a master planner: 

P. What is the duty of the Marshal of the Creating or 
Producing order? 

A. It is to estimate the amount of produce and manufactures 
necessary to produce a sufficiency in each department below him. 
When in operation, he shall report excesses and deficiencies to the 
Grand Marshal. 

P. How shall he discover such excesses and deficiencies ? 

A. The various merchants will report to him the demand and 
supplies in every line of business, as will be seen hereafter. 

P. Under this order are agriculture, manufactures and 
commerce, as I perceive. What then is the duty of the Marshal of 

A. He should have under him four regions, or if not, foreign 
commerce must make good the deficiency. 

P. What four regions? 

A. The temperate, the warm, the hot region and the water 

P. Why divide them thus ? 


Roosevelt's Socialist Manifesto 

A. Because the products of these different regions require 
different systems of cultivation, and are properly subject to 
different minds. (6) 

Seventy-five years later, in 1915, Bernard Baruch was invited by 
President Woodrow Wilson to design a plan for a defense mobilization 
committee. This Baruch plan subsequently became the War Industries 
Board, which absorbed and replaced the old General Munitions Board. 
The War Industries Board as a concept was similar to cooperative trade 
associations, a device long desired by Wall Street to control the 
unwanted rigors of competition in the marketplace, and much like 
Clinton Roosevelt's 1841 Plan. Committees of industry, big business 
and small business, both represented in Washington, and both with 
Washington representation back home ... this was to be the backbone of 
the whole structure. 

By March, 1918, President Wilson, acting without Congressional 
authority, had endowed Baruch with more power than any other 
individual had been granted in the history of the United States. The War 
Industries Board, with Baruch as its chairman, became responsible for 
building all factories and for the supply of all raw material, all products, 
and all transportation, and all its final decisions rested with chairman 

The War Industries Board was the organizational forerunner of the 
1933 National Recovery Administration and some of the 1918 WIB 
corporate elite appointed by Baruch - Hugh Johnson, for example - 
found administrative niches in Roosevelt's NRA Plan. Comparison of 
Roosevelt's New Deal, actually written by Gerard Swope of General 
Electric, with Clinton Roosevelt's early 1841 scheme shows a 
remarkable similarity. 


The Federal Reserve Conspiracy 

Clinton Roosevelt - The Science of Government 

(New York 1841) 

This is a proposal for a totalitarian government without individual 
rights run by an elitist establishment. Clinton Roosevelt was a cousin of 
Franklin Delano Roosevelt. The book has been removed from the 
current Library of Congress catalog although it was listed in the earlier 
1959 edition. 









121 Fulton Strut. 


InKnd « rcurOir.it to Act of Coniriu. In th« T—r IStS, if 


In th« Cl«r1i"l Office of Uw Dlttrtct Court for th« Southern 

District of N«r York. 


Roosevelt's Socialist Manifesto 

Endnotes to Chapter Four 

(1) Karl Schriftgiesser, The Amazing Roosevelt Family, 1613-1942 

(New York: Wilfred Funk, 1942) p. 143. 

(2) Ibid., p. 142. Examination of the charts on pages xi and xii of 

Schriftgiesser show that Franklin Delano Roosevelt, the so-called 
anti-bank candidate in 1932, also descends in direct line from New 
York Bank founder Isaac Roosevelt. 

(3) Clinton Roosevelt, The Science of Government Founded on 
Natural Law (New York: Dean & Trevett, 1841). There are 
two known copies of this book: one in the Library of Congress, 
Washington D.C. and another in the Harvard University 
Library. The existence of the book is censored (i.e., omitted) in 
the latest edition of the Library of Congress catalog, but was 
recorded in the earlier 1959 edition (page 75). A facsimile 
edition was published by Emanuel J. Josephson, as part of his 
Roosevelt's Communist Manifesto (New York: Chedney Press, 

(4) Ibid. 

(5) Ibid. 

(6) Ibid. 


Chapter Five: 

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