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Up for sale the "Father of the Federal Reserve" James Warburg Hand Signed 3X5 Index Card.
ES-9033
James Paul Warburg (August
18, 1896 – June 3, 1969) was a German-born Jewish American banker. He was well known for
being the financial adviser to Franklin D. Roosevelt. His father was
banker Paul Warburg,
member of the Warburg family and "father" of the Federal Reserve system. After World War II,
Warburg helped organize the Society for the Prevention of World
War III in support of the Morgenthau
Plan. Born
in Hamburg,
Germany,
he was educated at Middlesex School and Harvard University. He served in the Navy Flying
Corps during World War I before entering a career in
business. He was at the First National Bank of Boston between 1919
and 1921. Between 1921 and 1929 he was Vice President at the International
Acceptance Bank. He was president at the International Manhattan Company from
1929 to 1931, then president of the International Acceptance Bank from 1931 to
1932. He was Vice Chairman of the Board at Bank of the Manhattan Company between 1932
and 1935. While at the Bank of the Manhattan, he became financial adviser to
President Roosevelt. This included acting as financial adviser at the 1933
London World Economic Conference. Warburg left
government in 1934, having come to oppose certain policies of the New Deal.
He was opposed to political non-interventionism, however, and re-entered
government service in 1941 as Special Assistant to the Coordinator of Information,
William Joseph Donovan. In 1942, when
propaganda responsibilities were transferred to the Office of War Information,
he became its Overseas Branch Deputy Director. After the end of the war, he
wrote numerous books on U.S. foreign policy and was an outspoken advocate for
nuclear disarmament. In 1963, along with Sears heir, Philip Stern,
he helped to found the Washington-based Institute for Policy Studies. Warburg was
a member of the Council on Foreign Relations. He gained
some notice in a February 17, 1950, appearance before the U.S. Senate Committee on Foreign
Relations in which he said, "We shall have world government,
whether or not we like it. The question is only whether world government will
be achieved by consent or by conquest."