But, as Mr. Warburg has written—“friendship or help in _a presidential campaign_, financial or political, has always given a claim to political preferment.” And, as Mr. Warburg urges, this is a country “with every untrained amateur a candidate for office,” and naturally, with such men comprising the government, they must be kept at a safe distance from monetary affairs. As if to illustrate the ignorance thus charged, along comes Mr. Baruch, who quotes Colonel House as saying, “I don’t know anything about those fellows down there and I would like you to make a suggestion.” It is permissible to doubt that Mr. Baruch correctly quotes Colonel House. It is permissible to doubt that all that Colonel House confessed was his ignorance about “those fellows.” There was a good understanding between these two men, too good an understanding for the alleged telephone conversation to be taken strictly at its face value. It is possibly quite true that Mr. House is not a financier. Certainly, Mr. Wilson was not. In the long roll of Presidents only a handful have been, and those who have been have been regarded as most drastic in their proposals. But this whole matter of ignorance, as charged by Mr. Warburg, sounds like an echo of the Protocols: “The administrators chosen by us from the masses _will not be persons trained for government_, and consequently they will easily become pawns in our game, played by _our learned and talented counsellors, specialists educated from early childhood to administer world affairs_.” In the Twentieth Protocol, wherein the great financial plan of world subversion and control is disclosed, there is another mention of the rulers’ ignorance of financial problems. It is a coincidence that, while he does not use the term “ignorance,” Mr. Warburg is quite outspoken concerning the benighted state in which he found this country, and he is also outspoken about the “untrained amateurs” who are candidates for every office. These, he says, are not fitted to take part in the control of monetary affairs. But Mr. Warburg is. He says so. He admits that it was his ambition from the moment he came here an alien Jewish-German banker, to change our financial affairs more to his liking. More than that, he has succeeded; he has succeeded, he himself says, more than most men do in a lifetime; he has succeeded, Professor Seligman says, to such an extent that throughout history the name of Paul M. Warburg and that of the Federal Reserve System shall be united. —— Issue of July 2, 1921. LX. How Jewish International Finance Functions