The Business Plot, The Plot Against FDR
The White House Putsch, was a conspiracy involving several wealthy businessmen to overthrow President of the United States Franklin D. Roosevelt in 1933.
Purported details of the matter came to light when retired Marine Corps Major General Smedley Butler testified before a Congressional committee that a group of men had attempted to recruit him to serve as the leader of a plot and to assume and wield power once the coup was successful. Butler testified before the McCormack-Dickstein Committee in 1934 [1]. In his testimony, Butler claimed that a group of several men had approached him as part of a plot to overthrow Roosevelt in a military coup. One of the alleged plotters, Gerald MacGuire, vehemently denied any such plot. In their final report, the Congressional committee supported Butler's allegations on the existence of the plot,[2] but no prosecutions or further investigations followed, and the matter was mostly forgotten.
General Butler claimed that the American Liberty League was the primary means of funding the plot. The main backers were the Du Pont family, as well as leaders of U.S. Steel, General Motors, Standard Oil, Chase National Bank, and Goodyear Tire and Rubber Company. A BBC documentary claims Prescott Bush, father and grandfather to the 41st and 43rd US Presidents respectively, was also connected.
McCormack-Dickstein Committee
The events testified to in the McCormack-Dickstein Committee happened between July and November 1933. The Committee began examining evidence a year later, on November 20, 1934. On November 24 the committee released a statement detailing the testimony it had heard about the plot and its preliminary findings. On February 15, 1935, the committee submitted to the House of Representatives its final report.[9] The McCormack-Dickstein Committee was the precursor to the House Committee on Un-American Activities (HUAC); its materials are archived with those of the HUAC.
During the McCormack-Dickstein Committee hearings, Butler testified that through MacGuire and Bill Doyle, who was then the department commander of the American Legion in Massachusetts,[16] the conspirators attempted to recruit him to lead a coup, promising him an army of 500,000 men for a march on Washington, D.C., $30 million in financial backing,[17] and generous media spin control.
- [BUTLER:] I said, "The idea of this great group of soldiers, then, is to sort of frighten him, is it?"
- "No, no, no; not to frighten him. This is to sustain him when others assault him."
- I said, "Well, I do not know about that. How would the President explain it?"
- He said: "He will not necessarily have to explain it, because we are going to help him out. Now, did it ever occur to you that the President is overworked? We might have an Assistant President, somebody to take the blame; and if things do not work out, he can drop him."
- He went on to say that it did not take any constitutional change to authorize another Cabinet official, somebody to take over the details of the office-take them off the President's shoulders. He mentioned that the position would be a secretary of general affairs-a sort of a supersecretary.
- CHAIRMAN: A secretary of general affairs?
- BUTLER: That is the term used by him-or a secretary of general welfare-I cannot recall which. I came out of the interview with that name in my head. I got that idea from talking to both of them, you see [MacGuire and Clark]. They had both talked about the same kind of relief that ought to be given the President, and he [MacGuire] said: "You know, the American people will swallow that. We have got the newspapers. We will start a campaign that the President's health is failing. Everybody can tell that by looking at him, and the dumb American people will fall for it in a second." Archer, Jules (1973), p. 155.
Despite Butler's support for Roosevelt in the election,[4] and his reputation as a strong critic of capitalism, Butler said the plotters felt his good reputation and popularity were vital in attracting support amongst the general public, and saw him as easier to manipulate than others.
Butler said he spoke for thirty minutes with Gerald MacGuire. MacGuire was a bond salesman for Robert Sterling Clark, an heir to the Singer Sewing Machine fortune, an art collector who lived mostly in Paris, and one of Wall Street's richest investors. MacGuire was a former commander of the Connecticut American Legion and had been an activist for the gold currency movement that Clark sponsored. [18]
In attempting to recruit Butler, MacGuire may have played on the general's loyalty toward his fellow veterans. Knowing of an upcoming bonus in 1935 for World War I veterans, Butler said MacGuire told him, "We want to see the soldiers' bonus paid in gold. We do not want the soldier to have rubber money or paper money." Such names as Al Smith, Roosevelt's political foe and former governor of New York, and Irénée du Pont, a chemical industrialist, were said to be the financial and organizational backbone of the plot. Butler stated that once the conspirators were in power, they would protect Roosevelt from other plotters.[10]
Given a successful coup, Butler said that the plan was for him to have held near-absolute power in the newly created position of "Secretary of General Affairs," while Roosevelt would have assumed a figurehead role.
Reaction to Butler's testimony by the media and business elite was dismissive or hostile. The majority of media outlets, including The New York Times, Philadelphia Post,[11] and Time Magazine ridiculed or downplayed his claims, saying they lacked evidence. After the committee concluded, The New York Times and Time Magazine downplayed the conclusions of the committee.[12]
The committee deleted extensive excerpts from the report relating to Wall Street financiers including J. P. Morgan, the Du Pont interests, Remington Arms, and others allegedly involved in the plot attempt. As of 1975, a full transcript of the hearings had yet to be traced.[13]
Those accused of the plotting by Butler all denied any involvement. MacGuire was the only figure identified by Butler who testified before the committee. Others involved were actually called to appear to testify, though never were forced to testify.
Aparentemente, Roosvelt arreglo para mandar a la tumba todo el incidente, en la biografia de Smedley esta descripto
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