One hundred years ago this November, a small group of powerful and wealthy men made their way to Jekyll Island off the Georgia coastline, a private hunting and leisure club owned by J.P. Morgan.
The gathering consisted of: Republican Senator Nelson Aldrich, chairman of the National Monetary Commission and business associate of J.P. Morgan; Abraham Andrew, assistant secretary of the US Treasury; Frank Vanderlip, president of the National City Bank of New York, the largest bank at that time. Also there was Henry Davison, senior partner of the J.P. Morgan Company; Charles Norton, president of J.P. Morgan’s First National Bank of New York; Benjamin Strong, head of J.P. Morgan’s Bankers Trust Company and future governor of the New York Federal Reserve; and Paul Warburg, of German ban...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
