"Capital must protect itself in every possible way, both by combination and legislation.

Debts must be collected, mortgages foreclosed as rapidly as possible.

When, through the process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers.

These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting for questions of no importance.

It is thus, by discrete action, we can ensure for ourselves that which has been so well planned and so successfully accomplished."

Governor of the BoE, addressing the US Bankers Association, NY, Idaho Leader, 26 August 1924.