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HOW THE MONEY WORKS AT HARVARD
Click.The Money Lords, the Drug Lords, the Slum Lords, the "Pug Winokur Data Dump".
                        

WHY THE HARVARD CORPORATION PROTECTS THE DRUG TRADE. Part 1
By LINDA MINOR © 2000

"Pug Winokur is on the board of Harvard Endowments which had a behind- the-scenes hand in destroying the economic research conducted by former Assistant Secretary of Housing, Catherine Austin Fitts in 1996. That research was beginning to illuminate how the drug trade generates profits for Wall Street through the subsidized HUD housing market where Harvard is a heavy investor."  Quoted at:
http://www.mail-archive.com/natnews%40egroups.com/msg01280.html

PRESTIGE IS ONLY IN OUR MINDS. 

Harvard is one of the oldest of America's universities and has become one of the most prestigious.  But what is "prestige"?  The word is defined by Merriam-Webster as follows:  "standing or estimation in the eyes of people; weight or credit in general opinion; commanding position in people's minds."

"Prestige" is not unlike the word "history"-HIS STORY-when you consider that what we call history has been written by people on the winning side, who reveal only that part of what happened that they want us to know.  If what really happened would not afford them that air of standing or estimation in people's minds to which they aspire, then they're not averse to making up a cover story which would bestow on them that degree of craved respectability.

So prestigious has Harvard's "image" become that you may have trouble, for example, believing that the board members, administrators, and faculty of Harvard-that noble institution-would allow the men and women who are entrusted with its endowment to operate in a manner that Catherine Austin Fitts has suggested.  (See reference to her allegations at http://www.mail-archive.com/natnews%40egroups.com/msg01280.html).

What do you really know about Harvard?  There is a side of history that has been glossed over in the telling-that has been covered up.

WHO WROTE THE HISTORY THAT YOU WERE TAUGHT?

Since the American Revolution Harvard College has been run by the successors of a board that in the period after the Revolution, was entirely under the control of a group of men from Essex County, Massachusetts, located north of Boston.  These men were mentioned in 1808 in correspondence between then-Senator John Quincy Adams and Thomas Jefferson as being involved in a plot to secede from the United States because they felt its nationalistic policies designed to protect the trade of the United States were detrimental to their own business interests.

These men, called the "Essex Junto" were identified by Adams as:

(1)  Massachusetts Senator George Cabot,
(2)  Judge John Lowell and his son, also named John Lowell (sometimes called
"The Rebel"),
(3)  former Secretary of State Timothy Pickering,
(4)  merchant Stephen Higginson,
(5)  Massachusetts Supreme Court Justice Theophilus Parsons, and
(6)  Aaron Burr's brother-in-law, Judge Tapping Reeve from Connecticut.
All the plotters except Reeve had been born in Essex County.

Researcher Anton Chaitkin, who is one of the authors of the much lauded "Unauthorized Biography of George Bush," spent months delving into the archived correspondence among those individuals, and unearthed admissions of their treasonous intentions against the United States. The plot was hatched in large part by the secret intelligence operations of their trading partner, the British East India Company, in collaboration with powerful financier families in Europe.

Alexander Hamilton's support of Thomas Jefferson for president against Aaron Burr prevented the clique from electing Burr, but Hamilton's action also targeted him for destruction; he was eventually murdered in a duel set up by Aaron Burr.

THE HARVARD ENDOWMENT - ESTABLISHED WITH DRUG PROFITS.

After Judge John Lowell was selected to Harvard's Board, he continued to pour money into that school's coffers, and was rewarded in return. From then until 1943, there was only one decade in which a Lowell was not among the half-dozen or so board members.  His son, John Lowell, attended his first meeting of the Harvard board April 17, 1810, at the home of the board chairman, Theophilus Parsons. [Source: Greenslet, Ferris, The Lowells and their Seven Worlds, Boston: Houghton, Mifflin, (1946),  pp. 75-76.] Judge Parsons was aptly characterized by a  faculty member: "Our college .... is under the absolute direction of the Essex Junto, at the head of which stands Chief
Justice Parsons,.... a man as cunning as Lucifer and about half as good. This man is at the head of the Corporation.'' [Source: Quoted in Zechariah Chafee, Jr., "Theophilus Parsons," Dictionary of American Biography.]

The Cabot name has been almost as closely associated with control of the Harvard Corporation as the Lowells. The Cabot family, which was involved in the shipping trade, established their fortunes during the war years of 1776-1783 as eminently successful privateers. One author stated: "The Cabots provided America with more privateers than any other family." [Source: Leon Harris, Only to God: The Extraordinary Life of Godfrey Lowell Cabot (New York: Atheneum, 1967), p. 6]

KEEP THE FAMILY'S VALUE IN THE FAMILY.

The Cabot fleet, sanctioned by various state legislatures, attacked and captured British, Spanish, Portuguese, and other ships, selling the spoils of legalized piracy as booty.  George Cabot's brother, Andrew, purchased the estate confiscated from the Royal Governor of New Hampshire, John Wentworth, a cousin of both the Cabots
and Higginsons.  He later became the governor of Nova Scotia. George Cabot's uncle Francis married the sister of Richard Clarke, of Clarke and Sons--the British East India Company agents whose tea was dumped in Boston harbor. [Source: Briggs, Vernon L., History and Genealogy of the Cabot Family, 1475-1927, privately printed, Boston, 1927, Vol. I, p. 196.]. George Cabot's wife was his double-first-cousin, Elizabeth Higginson. Stephen Higginson's daughter, Sarah, was the wife of Judge John Lowell.

Samuel Cabot became the friend and personal agent of his English cousin, Richard Clarke, and was placed in charge of the management and disposal of the Clarke's property in the United States.  He also directed the Clarke family's venture capital into new investments. The bond was made closer when he married Richard Clarke's granddaughter. The bulk of the Cabot family's fortune was acquired several years later by Samuel Cabot's son (Richard Clarke's great-grandson) through an alliance with Thomas Handasyd Perkins in the West Indies slave-trade.

Thomas  H. Perkins and his brother worked tirelessly, trading with China and sending cargoes to the West Indies and to Europe. By the end of 1792 they owned sizable shares in seven vessels, but were losing interest in the slave trade because of a vicious slave uprising at that time.  They much preferred the China trade, and by the 1830s, Perkins was said to control as much as half of the entire U.S. trade with Canton.  [Source: Russell B Adams Jr., The Boston Money Tree ©1977].  Their nephew, John Perkins Cushing was chosen as an assistant to the manager of the Canton outpost in 1804, who died within a few months.  Cushing, not yet twenty, became a principal in the firm, newly named Perkins & Company.

WALTHAM MILL--FORERUNNER TO HUD MONEY LAUNDERING.

John Perkins Cushing remained in Canton tending the affairs of Perkins & Company while his more "respectable" relations like Francis Cabot Lowell were marveling at the success of their Waltham mill and laying the foundations of the great manufacturing city of Lowell, Massachusetts, which was financed with the profits brought in from China. Thomas Handasyd Perkins, though he built a short-lived cotton mill of his own along the Charles River in Newton, just west of Boston, and later made some fairly substantial investments in the Lowell mills-he was even, for a time, president of the Appleton Company-remained first and foremost a merchant, far and away the leader of Boston's mercantile community.

By the 1820s Cushing was known as the most influential of all the foreigners in Canton. Cushing had struck up a close business and personal relationship with the hong merchant Houqua, who at his death in 1843 was said to be the richest man in the world.  During the War of 1812, they loaned their money out--at 18 percent interest--to other merchants in Canton. But the fur trade paled and when hard cash grew harder to come by, a search began for a substitute for the furs and specie that had been foundations of Boston's China trade.  Opium seemed the ideal commodity to fill the gap.

During much of the 1820s, opium was virtually the only profitable commodity in the China trade. The British, with their monopoly in opium-rich India, were far and away the heaviest dealers, but the Perkins interests, sparked first  by Cushing and later by the brothers Robert Bennet Forbes and John Murray Forbes, ran a worthy second. The first Perkins cargo of Turkish opium, on board the brigantine Monkey, arrived in China in 1816; when the transaction proved profitable, the firm dispatched an agent to Leghorn, Italy, to set up an opium-buying operation. It was the beginning of a thriving if illicit
commerce for the house of Perkins and for the future of a number of other Boston fortunes.

Thomas Handasyd Perkins welcomed Chinese moves to halt the opium traffic, figuring that if China made things hot enough for drug dealers, the less venturesome traders would be scared out of the business, leaving a bigger share for the Perkins firm. It was a shrewd guess: rival merchants John Jacob Astor and Stephen Girard dropped the opium trade. For years, along with the Boston firm of Bryant & Sturgis, the Perkins interests had a virtual monopoly on Turkish opium imports to China.  The Perkins firm and Bryant &Sturgis were frequently called "the Boston Concern," and William Sturgis, scion of an old Cape Code seafaring family, was a Perkins nephew and employee.

Cushing announced, on October 26, 1818, that the commission business of Perkins & Company would thereafter be handled by a newly organized firm, James P. Sturgis & Company, whose head was William Sturgis's first cousin. On paper, this took Cushing out of direct involvement in the drug trade, since opium shipments from the Boston Concern would go through the Sturgis firm rather than Perkins & Company. In fact, Cushing had by no means washed his hands of the opium traffic; not only was he related to the principals of James P. Sturgis & Company, but he was still a partner of the drug-dealing Perkins brothers, who also were Sturgis kinsmen. And even after he retired from active business and returned to Boston, he continued to invest in opium
ventures.

Russell & Company was founded in 1824 with Cushing's encouragement. Later, Perkins & Company would be merged with the Russell firm, further consolidating the Boston Concern's interests in China.

Like John Perkins Cushing, John Bennet Forbes was a Perkins nephew. His father, Ralph Bennet Forbes, had married Margaret Perkins in 1799,  young Bennet was taken under the generous Perkins wing, as were his brothers Thomas Tunno Forbes and John Murray Forbes.  The Forbes boys grew up in Milton, just south of Boston, where they were enrolled at Milton Academy. In 1816, at the age of twelve years, John Bennet became the first apprentice in a new firm formed by  Thomas H. Perkins, Jr. and James Perkins along with Samuel Cabot, their brother-in-law.

By 1818, John Bennet Forbes had been stationed in China to assist  his cousin John Perkins Cushing.  In 1828 Cushing returned to Boston from Canton, where he had spent nearly half his life, leaving Perkins & Company's affairs in the able hands of John Bennet's brother, Thomas Tunno Forbes. He rejected a proposal of partnership with Samuel Cabot (a Perkins son-in-law) and Thomas Perkins, Jr. and also turned aside an offer as head of the Perkins firm, which since the death of James Perkins in 1822 had been run by Samuel Cabot and Thomas Handasyd Perkins.

Thomas Forbes, who understood that John Bennet preferred his life on the sea to running the Canton office, died in 1828, leaving instructions that Russell & Company should take over the Boston Concern's affairs. Samuel Russell agreed, and in the spring of 1832, Bennet Forbes sold a half share in the business to Russell & Company. With a tidy fortune, he sailed home to Boston, where he set up in the offices of China merchant Daniel C. Bacon to handle consignments from Russell & Company. Through the influence of younger brother, John Murray Forbes in Canton--who managed transactions for Houqua as well as for the Boston Concern-the goods readily came his way. For the two Forbeses, Houqua's business offered a double-barreled return: John picked up a percentage of the hong merchant's business in Canton, and Bennet got a commission on his shipments sold in Boston.

At the same time, Bennet began to build an expensive house on a hill in Milton; it is now the Museum of the American China Trade, under the curatorship of his great- grandson, Dr. H. A. Crosby Forbes, an expert on Chinese porcelain. (This house is a short distance from where George Herbert Walker Bush was born less than a century later.)  John Murray Forbes, his health broken from his labors, returned to Boston on doctor's orders in the summer of 1833. When he recovered and returned to China the following year, Forbes found the firm still deeply involved in the opium trade. When he returned to Boston in the spring of 1837, he brought with him a sizable fortune-including a half-million dollars of Houqua's own money which the hong merchant gave him to invest in American enterprise as he saw fit-and an agreement to get a three-sixteenths share of the firm's profits for three years, in ex[c]hange for looking after its interests in the United States.

The Panic of 1837 resulted in John Bennet's insolvency, and he again returned to China, with John's power of attorney, entitling him to act in his stead as a partner in Russell & Company. It was a well-placed trust: Bennet Forbes was made chief of the firm on January 1, 1840, and man[a]ged to merge the competing house of Russell, Sturgis & Company into the older Russell concern.

To be continued tomorrow....

Web sources:

With reference to the allegations of Catherine Austin Fitts: See her articles posted at her website under "Harvard Endowment Prefers 'Gaming' to Market Competition"
http://www.solari.com/action/articles/index.html

For an excerpt from: The Boston Money Tree by Russell B Adams Jr.©1977All Rights
Reserved; Thomas Y. Crowell Company New York ISBN 0-690-01209-8
324 pps. - First Edition - Out-of-print
See http://peach.ease.lsoft.com/scripts/wa.exe?A2=ind0003B&L=ctrl&P=R3303
See http://peach.ease.lsoft.com/scripts/wa.exe?A2=ind0003B&L=ctrl&P=R4317

For an excerpt from: Bonds of Enterprise  by John Lauritz Larson President and Fellows of Harvard College©1984 Harvard University press ISBN 0-87584-155-4257 pages - First Edition -- Out-of-print In-print from: McGraw-Hill Companies ISBN: 0071032797
See http://peach.ease.lsoft.com/scripts/wa.exe?A2=ind9912C&L=ctrl&P=R46610

Several chapters of Anton Chaitkin's book, Treason in America, have been posted by
Kris Millegan and can be retrieved by searching the archives, which is a wealth of information:
See http://peach.ease.lsoft.com/scripts/wa.exe?A2=ind9809&L=ctrl&P=R2

You can also search Kris Millegan's CTRL archives: http://peach.ease.lsoft.com/scripts/wa.exe?S1=ctrl&D=0
and at his website at: http://www.ctrl.org/

Click. THE MONEY LORDS OF HARVARD: HOW THE MONEY WORKS AT THE WORLD'S RICHEST UNIVERSITY.
by Catherine Austin Fitts © 2000

WHY THE HARVARD CORPORATION PROTECTS THE DRUG TRADE. by LINDA MINOR © 2000.  Click. Part 1.  Click Part 2.Click Part 3.
Click. THE "PUG WINOKUR DATA DUMP." by the Octopodes.
Click. BUSHWACKED: HUD Fraud, Spooks and the Slumlords of Harvard by Uri Dowbenko 
© 2000.