On Jun 26, 5:18*pm, purple wrote:

That sort of entrepreneurship is wasted by the time it changes hands
(usually) to the third generation of family. The children do all right
but the grandchildren are far enough removed from the heartache that
built the wealth that they have no respect for it and they waste it.

My ancestral lines go back to various knights who served English and
Scottish kings. They owned lots of land in England, but the wars being
conducted by the Stuart kings to pursue their "royal rights" in France
was taxing them to death.

That's why they started a stock company to exploit the resources of
New England and they bought two boats. You've probably never heard of
the leaky "Speedwell," that had to turn back to England, but I'm sure
you've heard of the Mayflower...

One of my ancestors who was involved in the stock company finally
emigrated to the colonies himself, with his family and six servants.
He became a high official in the Presbyterian (Puritan) church.

His ancestor had served with Richard the Lionheart in the Holy Land
during the Third Crusade. His descendant, the Democrat governor of New
York state, ran for POTUS against Rutherford B. Hayes in 1876.

He won the popular vote, but lost by one electoral vote when the
disputed election was resolved by a committee with a majority of
Republicans.

They started their textile mills and iron works and became the biggest
industrial conglomerate in New England, employing tens of thousands of
workers.

In those days thousands was a big number. Nobody employed tens of
thousands.

My English ancestors built whole towns to house their mostly Irish
textile workers. All they asked was that the workers stay sober, don't
fight, and don't swear.

The Irish turned on them though. The Irish demanded full American
citizenship after only two years residency and Dorr's Rebellion in
1842 was the result.

I seem to recall that it was President Tyler (another relative) who
refused to send federal troops to put down the insurrection, believing
it to be under control...

The Irish forced Rhode Island to adopt its first constitution, the
Charter of 1667 issued by Charles II having served very well for 175
years. The charter gave control of Rhode Island and Providence
Plantation to my ancestors and their posterity (me and my cousins) in
perpetuity and also forgave my ancestors from the crime of being a
Baptist (or worse, a Quaker).

Two of my ancestors were the richest men in North America by the time
of the Civil War, they would be right up there with Bill Gates in
wealth.

That was probably the third generation, perhaps your family was lucky
enough to hang to wealth through the 4th.

No, actually what killed my family's great wealth was the corruption
of the Republicans in the Reconstruction period and the international
banking practices of the rich Jewish bankers.

Lincoln didn't want to deal with the "money men" (a euphemism for the
powerful international Jewish banking community), so he and Salmon P.
Chase (another relative by marriage of his daughter to the more famous
of the two Richest Men in America) started a Bank of the US and issued
"green backs," which were worthless scrip to be redeemed after the
war.

Later on, Chase said that setting up the financial system was the
worst thing he ever did.

After the war, the international bankers were discounting green backs
by 30%, and re-selling them at a 15% profit.

A unscrupulous immigrant capitalist who specialized in hostile
takeovers of railroads and a White House insider (Ulysses S. Grant's
brother-in-law) tried to capture the gold market, on information about
federal gold sales gained from Grant's wife) but the attempt failed.

The Vienna stock exchange collapsed in 1873, causing a worldwide
panic, that brought our family business crashing down.

My incredibly rich ancestor could no longer obtain credit to keep his
businesses afloat and declared the largest bankruptcy in US history up
to that time.

$20 million doesn't sound like a lot, but it was the equivalent of
trillions in today's currency. My ancestor died a broken man, in exile
in Paris. His wife's extravagant spending sprees in Paris were only
the tip of the iceberg of his financial problems.

There's a nice statue of him in Rhode Island though, and his
governor's mansion still stands.

And that was before the era of robber barons like the Rockefellers and
Vanderbilts and J.P. Morgan, whose financial were driven by loans from
the international bankers in London, Paris, and Vienna.

After the Jews in Vienna got their banks running again, they financed
the robber barons and made it possible for them to industrialize
America on a scale previously unseen.

However, *another* famous relative (he was a famous American poet, but
his day job was as a banker) retired because he didn't want to bother
learning the new rules of international banking imposed by the Jews.

The industrialization of the USA during the 1880's was one of the
forces that
brought millions of undesirable immigrants to the USA and caused the
establishment of the processing center at Ellis Island.

Previously, all the riff-raff and the radical socialists (like Emma
Goldman) were processed at Fort Clinton, New Jersey.

There were always loans and lenders. Jesus and the money changers in
the temple, knights Templar, Merchant of Venice & Shylock, and so on.

Don't forget Amschel Rothschild, who started the banking House of
Rothschild with $2 million embezzled from a Hessian prince. The money
was intended to pay Hessian mercenaries in the American Revolution.