the
Committee for Economic Development is primarily interested in
formulating economic and other policies which, through governmental
controls, will lead us into total socialism--another, smaller (but, in
some ways, more powerful) organization has (or, until mid-1961, had) the
primary responsibility of infiltrating government: of selecting men whom
the CFR wants in particular jobs, and of formulating, inside the
agencies of government, policies which the CFR wants. This small but
mighty organization was the Business Advisory Council.

Daniel C. Roper, F. D. Roosevelt's Secretary of Commerce, formed the
Business Advisory Council on June 26, 1933. Roper set it up as a panel
of big businessmen to act as unofficial advisers to President Roosevelt.
He was disappointed in it, however. The biggest businessmen in America
did, indeed, join; but they did not support the total New Deal as Roper
had expected they would when he made them "advisers."

Roper, however, was a figurehead. The brains behind the formation of the
Business Advisory Council were in the head of Sidney J. Weinberg, Senior
Partner of the New York investment house of Goldman, Sachs & Co.--and
also on the boards of directors of about thirty of the biggest
corporations in America. Weinberg helped organize the BAC. He recruited
most of its key members. He was content to let America's big businessmen
ripen for a while in the sunshine of the New Deal's "new" philosophy of
government, before expecting them to give that philosophy full support.

Secretary of Commerce Daniel C. Roper pouted and ignored the Business
Advisory Council when he discovered that the big businessmen, enrolled
as governmental "advisors," tried to advise things that governmental
leaders did not like. But Sidney Weinberg was shrewd, and had a
definite, long-range plan for the Business Advisory Council. He held the
BAC together as a kind of social club, keeping the big business men
under constant exposure to the "new" economic philosophies of the New
Deal, waiting for the propitious moment to enlist America's leading
capitalists on the side of the socialist revolutionaries, determined to
destroy capitalism and create a one-world socialist society.

* * * * *

The right time came in 1939, when World War II started in Europe and
Roosevelt developed his incurable ambition to get in that war and become
President of the World. Plans for America's frenzied spending on