So, while admitting to the Senators who examined him as to his fitness for membership on the Federal Reserve Board—the Board which fixed the policies of the banks of the Federal Reserve System and told them what to do—that he did not like the 12 district banks idea, he said that his objections to it could “be overcome in an administrative way.” That is, the 12 banks could be so handled that the effect would be the same as if there were only one central bank, presumably at New York. And that is about the way it has resulted, and that will be found to be one of the reasons for the present situation of the country. There is no lack of money in New York today. Motion picture ventures are being financed into the millions. A big grain selling pool, nursed into existence and counseled by Bernard M. Baruch, has no hesitancy whatever in planning for a $100,000,000 corporation. Loew, the Jewish theatrical man, had no difficulty in opening 20 new theaters this year— _But_ go into the agricultural states, where the real wealth of the country is in the ground and in the granaries, and you cannot find money for the farmer. It is a situation which none can deny and which few can explain, because the explanation is not to be found along natural lines. Natural conditions are always easiest to explain. Unnatural conditions wear an air of mystery. Here is the United States, the richest country in the world, containing at the present hour the greatest bulk of wealth to be found anywhere on earth—real, ready, available, usable wealth; and yet it is tied up tight, and cannot move in its legitimate channels, because of manipulation which is going on as regards money. Money is the last mystery for the popular mind to penetrate, and when it succeeds in getting “on the inside” it will discover that the mystery is not in money at all, but in its manipulation, the things which are done “in an administrative way.” The United States has never had a President who gave evidence of understanding this matter at all. Our Presidents have always had to take their views from financiers. Money is the most public quantity in the country; it is the most federalized and governmentalized thing in the country; and yet, in the present situation, the United States Government has hardly anything to do with it, except to use various means to get it, just as the people have to get it, from those who control it. The Money Question, properly solved, is the end of the Jewish Question and every other question of a mundane nature.