the father of CED. Hoffman, an influential member of
the CFR, was formerly President of Studebaker Corp.; former President of
Ford Foundation; Honorary Chairman of the Fund for the Republic; has
held many powerful jobs in government since the days of Roosevelt; and
is now Director of the Special United Nations Fund for Economic
Development--SUNFED--the UN agency which is giving American tax money as
economic aid to communist Castro in Cuba. Hoffman, in 1939, conceived
the idea of setting up a tax-exempt "economic committee" which would
prepare new economic policies for the nation and then prepare the public
and Congress to accept them.

Hoffman founded the Committee for Economic Development in 1942. The
organization was incorporated in September of that year, with Paul G.
Hoffman as Chairman. Major offices in the Committee for Economic
Development have always been occupied by members of the Council on
Foreign Relations--persons who generally have important positions in
many other interlocking organizations, in the foundations, in the big
corporations which finance the great interlock, and/or in government.

* * * * *

Here are the Council on Foreign Relations members who joined Paul
Hoffman in setting up the CED in 1942:

William Benton (former U.S. Senator, now Chairman of the Board of
_Encyclopaedia Britannica_; former Assistant Secretary of State;
Trustee and former Vice President, University of Chicago)

Will L. Clayton (founder of Anderson, Clayton & Co., Houston;
former Assistant Secretary of Commerce and Under Secretary of State
under Roosevelt and Truman; Eisenhower's National Security Training
Commissioner)

Ralph E. Flanders (former United States Senator)

Marion B. Folsom (Eisenhower's Secretary of the Department of
Health, Education, and Welfare; many other positions in the
Roosevelt and Truman Administrations; Board of Overseers, Harvard)

Eric A. Johnston (former Director, Economic Stabilization Agency;
many other positions in the Roosevelt-Truman-Eisenhower
Administrations; former Director and President of U.S. Chamber of
Commerce; now President of the Motion Picture Association of
America)

Thomas B. McCabe (former Lend-Lease Administrator; former Chairman
of the Board of Governors, Federal Reserve System; President of
Scott Paper Company since 1927)

Harry Scherm