s B. Shuman (President of the American Farm Bureau
Federation)

Jesse W. Tapp (Chairman of the Board, Bank of America)

John Cameron Thomson (former Chairman of the Board of Northwest
Bancorporation, Minneapolis)

Willard L. Thorp (Director of the Merrill Center for Economics at
Amherst College)

Theodore O. Yntema (Vice President in Charge of Finance, Ford Motor
Company)

William F. Schnitzler (Secretary-Treasurer of AFL-CIO; resigned
from the Commission in 1960)

Joseph M., Dodge (Chairman of the Board of Detroit Bank and Trust
Co.; resigned from the Commission in 1960)

Beardsley Ruml (well-known and influential new deal economist who
held numerous posts with foundations and related organizations; is
sometimes called the father of the federal withholding tax law,
enacted during World War II; Dr. Ruml died before the Commission on
Money and Credit completed its report)

Fred T. Greene (President of the Home Loan Bank of Indianapolis;
died before the Commission completed its report)

The director of research for the Commission Was Dr. Bertrand Fox,
professor at the Harvard Graduate School of Business Administration. His
assistant was Dr. Eli Shapiro, Professor of Finance at the Massachusetts
Institute of Technology.

Of the 27 persons who served as members of the Commission on Money and
Credit, 13 (Wilde, Sonne, Berle, Fleming, Fowler, Lubin, Nathan,
Rockefeller, Tapp, Thorp, Yntema, Dodge, Ruml) were members of the
Council on Foreign Relations.

In other words, the Commission on Money and Credit was just another
tax-exempt propaganda agency of America's invisible government, the
Council on Foreign Relations.

* * * * *

The above discussion of the Commission on Money and Credit, together
with the roster of membership, was first published in _The Dan Smoot
Report_ dated July 3, 1961.

On September 22, 1961, Mr. Charles B. Shuman, President of the American
Farm Bureau Federation, wrote me a letter, saying:

"I was a member of the Commission on Money and Credit but you will
notice that I filed very strong objections to several of the
recommendations which you brought to the attention of your
readers. I do not agree with the Commission recommendations to
authorize the President of the United States to vary the rate of
income tax. Neither do I agree