Site:LRP:American International Corporation

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by Congress:Member:Leslie R. Pastor [A.I.C.: The First Military Industrial Complex (Birth of the Control Paradigm)] Copyright © 2009


Back in 1999, when I was emailing Dr. Antony C. Sutton regarding AIC, and my desire to thoroughly research the American International Corporation. He told me,



Subject: Re: AIC

Date: Wednesday, July 21, 1999 5:15 AM

"LES, That’s a massive project you’ve got yourself into.... Start with Microcopy 316 at National Archives…....On AIC you will have to go to primary sources….."

Dr. Sutton was referring to:


U.S. Department of State Decimal Files:

Russia/the Soviet Union and Eastern Europe, 1910-1954

National Archives Record Group 59:

Decimal File 861,

1910 - 1929, [ M316 ] 177 rolls. $4,071.00


Fortunately we have first-hand primary source accounts of the creation of two (2) of the largest ‘corporations’ ever created by some of the most powerful vested interests in commercial banking in the history of the United States.

Frank A. Vanderlip first started his career as a reporter for the Chicago Tribune, and then he became banker, and ultimately the President for one of the most powerful investment banking firms on these American shores, National City Bank of New York. Frank A. Vanderlip is probably the most revealing personality regarding this whole business of furtive enterprise. His first hand revelation of what actually took place in the creation of both the Federal Reserve System and the establishment of the American International Corporation, provide significant insight into the mind of early American intent on establishing what ultimately became the Pax-Americana. The United States became the extension of European banking interests and a secret ally of Great Britain via these two vehicles of the National City Bank of New York.

In his book, From Farm Boy To Financier, Vanderlip, admits to a gathering of a conclave on Jekyll Island, off the coast of Georgia, for the sole purpose of creating what ultimately became the actual establishment of the Central Bank of the United States:

"I do not feel it any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System." [Some of the most powerful political and economic interests joined forces to establish a primary vehicle to enable the fruition of what ultimately became the beginning of the American Empire which ultimately circled (completely) this entire globe]. Using first names only, they boarded Senator Nelson Aldrich’s car at the New Jersey littoral of the Hudson railroad yard bound for the southern shores of eastern Georgia, to Jekyll Island. These men represented the powerful combination of the Morgan-Rockefeller interests and the European banking fraternity of the Rothschild interests, specifically, the Bank of England, Bank of France and similar combination of European financial controls]. Among those present: Frank A. Vanderlip (National City Bank), Senator Nelson A. Aldrich, (father-in-law of John D. Rockefeller Jr.), Henry P. Davison (J. P. Morgan & Co.,), Paul M. Warburg (actual ‘creator’ of the Federal Reserve, and a principal of Kuhn Loeb & Co.,), Benjamin Strong, A.(Abram)Piatt Andrew (the then Assistant Secretary of the Treasury).

These men ultimately 'created' the Federal Reserve System, while holdup on Jekyll Island, but ultimately it was Paul Moritz Warburg's plan, which became the actual vehicle for the American Central Bank. Antony C. Sutton has provided a significant account regarding this in his book: Wall Street and FDR (pp. 92-98).

With the establishment of the Federal Reserve, America's most powerful families were now free to manipulate and control 'world events' and direct their 'initiatives' unmolested by outside 'governmental' controls,' primarily because the Federal Reserve was a 'private' bank, with vested (awesome) powers, enabling it to 'create' and 'restrict' the 'money supply' for the entire planet, not just the United States. And those 'powers' were used significantly to control every fabric and facet of 'economic influence' at their pleasure.

Because of Frank A. Vanderlip’s close proximity to the ‘special interests,’ it behooves me to directly quote from his primary source, From Farm Boy To Financier. Vanderlip was not just a reporter, but, an actual player in these worldwide events, that ultimately reshaped the economic and political fabric of much of the world’s former rulers.

American International Corporation

Frank A. Vanderlip states: "the way we conceived the American International Corporation. We had decided, that what was needed, was some kind of organization that would take a foreign business enterprise of great possibilities or even a good idea with management behind it and finance it into strength. Such an organization would be in a position to consider carefully some of the marvelous opportunities that a banker ordinarily would not have to boot out of his path for sheer lack of time."

The idea of such an investment vehicle, as the American International Corporation, sparked the immediate interest of Stone & Webster (railroad builders) and of the Rockefeller family, (who wanted to purchase five ($5) million dollars of AIC stock immediately back in 1915).

"Well, the American International Corporation had $50,000,000.00 of capital authorized it was to be interested in all manner of promising enterprises in foreign lands, in the Orient, in South America over the face of the whole earth. The very idea of the thing was exciting in Wall Street. We made C.A. Stone the president and had a remarkable Board of Directors James J. Hill, Theodore Vail, P.A. Rockefeller, Stone, Edwin F. Webster, Otto Kahn, Ambrose Monell, James A. Stillman, Beekman Wintrop, Henry S. Pritchett, Robert S. Lovett, Joseph P. Grace, Cyrus H. McCormick, Charles H. Sabin, W.E. Corey, J. Ogdan Armour, and C.A. Coffin."

In a letter written to the Chairman of the Board (National City Bank) Mr. Stillman, Vanderlip wrote: “James A. Farrell and Albert Wiggin have been invited [on the board] but had to consult their committees before accepting. I also have in mind asking Henry Walters and Myron T. Herrick. Mr. Herrick is objected to by Mr. Rockefeller quite strongly but Mr. Stone wants him and I feel strongly that he has gone along with the smoothness that has been gratifying and been surprising to me even though I was so strongly convinced we were on the right track.

I saw James J. Hill today, for example. He said at first that he could not possibly think of extending his responsibilities, but after I had finished telling him what we expected to do, he said he would be glad to go on the board, would take a large amount of stock and particularly he wanted a substantial interest in the City Bank, and commissioned me to buy him the stock at the market.

I talked with Ogden Armour about the matter today for the first time. He sat in perfect silence while I went through the story, and, without asking a single question, he said he would go on the board and wanted $500,000 stock.

Mr. Coffin [of General Electric] is another man who is retiring from everything, but has become so enthusiastic over this that he was willing to go on the board, and offers the most active cooperation.

I felt very good over getting Sabin. The Guaranty Trust is altogether the most active competitor we have in the field and it is of great value to get them into the fold in this way.

They have been particularly enthusiastic at Kuhn, Loeb’s. They want to take up $2.5 million. There was really quite a little competition to see who should get on the board, but as I had happened to talk with Kahn and had invited him first, it was decided should go on. He is perhaps the most enthusiastic of any one. They want half a million for Sir Ernest Cassel to whom they have cabled the plan and they have back from him approval for it.

I explained the whole matter to the Board [of the City Bank] Tuesday and got nothing but favorable comments.

Joe Grace had wanted $600,000 of the stock beside what he would get through his City Bank stock ownership Monell wanted half a million and Corey, Converse and the rest of the Midvale Steel people wanted large amounts. George Baker wanted $250,000, Frank Hine $100,000 and William Rockefeller tried, vainly, to get me to put him down for $5,000,000 of the common."

Frank A. Vanderlip ended by stating: "I am recalling all this to explain something that I tried to make clear in my letters to Mr. Stillman in January, 1916. I believed that my chief work for the future was to be the coordination of the efforts of four (4) organizations the National City Bank, the International Banking Corporation, the National City Company and the American International Corporation.

"This," I told Mr. Stillman, "has brought me to the very clear belief that the time has come for me to retire from the presidency of the City Bank."

"I desired to take the chairmanship of the other three (3) companies and at the City Bank to become vice-chairman of the board. That was so as not to disturb Mr. Stillman in the chairmanship In his reply he posed a difficult problem: who should become the next president of the City Bank?"

Source: From Farm Boy To Financier (New Plans For the Bank) pp. 267-271


Antony C. Sutton corroborates this account

showing the link between AIC, the Federal Reserve and the largest investors on Wall Street.


In a doctoral thesis (Rutgers University, 1968) presented by Robert Stanley Mayer, in a work dealing with the Foreign Economic Policy of the United States, published by Garland Publishing Inc, New York and London, Mayer, provides significant insight regarding: The Influence of Frank A. Vanderlip and the National City Bank on American Commerce and Foreign Policy (1910-1920). "Each National City Bank shareholder was entitled to subscribe to a certain number of shares, with the majority of the shares being held by the new corporation to insure the Bank’s retaining control. To avoid creating enemies, the Corporation’s stock was offered to its banking partners and other large financial houses in the United States. In this way support and money would still be forthcoming while National City Bank retained control. The new corporation met with immediate success. Everyone who was offered stock requested a greater amount than allotted."

AIC was accepted by President Wilson and the Secretary of Commerce, enabling the first order of business to establish a widespread distributorship throughout the world. The AIC purchased the following companies:

Allied Machinery Corporation (export of machine tools to Europe) with offices in France, Italy, Switzerland, and Russia.

Horne Company Ltd (British Far Eastern firm with a network of offices throughout the Orient.

Carter Macey & Company, Inc. (an export agency specializing in tea and owning a widespread network of plantations and selling agencies.

These provide the AIC with branch offices in Europe and Asia.

United Fruit Company was partially acquired by AIC, which had extensive fruit plantations and selling agencies in South America.

AIC formed the Grace Russian Company with the Grace Corporation and extended the facilities of the AIC into Russia.

AIC controlled Midvale Steel Company

The China Corporation and the Siems-Carry Railroad were formed to handle both financing and construction within China.

In South America, the AIC purchased the Allied Construction Machinery Corporation, the Allied Sugar Machinery Corporation and the Latin American Corporation.

By the end of 1917, the AIC had established seventeen companies, all of which were involved with supplying American products to foreign countries.

In 1915 the AIC purchased the Pacific Mail Steamship Lines, which operated freight ships between the West Coast and the Orient. The AIC further acquired the International Merchant Marine on the New York Stock Exchange, but lost interest, when Great Britain invoked its agreement with the previous owner (J. P. Morgan) thus canceling the effectiveness of ownership without control of the shipping rights. Whereupon the AIC set its sights on shipbuilding directly.


American International Corporation's involvement in US Shipbuilding:

Merchant Marine Act (1916) authorized the appointment of Federal Shipping Board

The chartering of the Emergency Fleet Corporation on April 16, as a subsidiary of the Federal Shipping Board, enabled the AIC to benefit directly from this arrangement.

The AIC formed a new subsidiary: The American International Shipbuilding Corporation

Which received the Government contract. The new subsidiary was to build fifty ships immediately for the Emergency Fleet Corporation. The AISC was also to purchase land and construct a shipyard using Government funds.

The American International Corporation built one of the largest shipbuilding enterprises on what is currently Philadelphia International Airport. But back then it was just a bog that needed massive improvement and had to be built up to enable a dry foundation to be laid for the establishment of the American International Shipbuilding Corporation.

Source: Google Sources


Hog Island

Hog Island - Philadelphia

American International Shipbuilding Corporation

Hog Island - Philadelphia International Airport

American International Shipbuilding Corporation,_Philadelphia,_Pennsylvania


The AIC purchased another steel company, the Jones Laughlin Steel Corporation, when AIC’s Midvale could not supply the huge demand for ships.

The American International Corporation created, controlled, owned, or purchased the following companies to fulfill their objectives:

Allied Machinery Company of America

American International Shipbuilding Corporation

American International Steel Corporation

American Balsa Company

Allied Construction Machinery Corporation

Allied Sugar Machinery Corporation

American International Terminals Company

Carter Macey & Company

F. W. Horne & Company

The China Corporation

The Latin American Corporation

Ulen Contracting Company

Grace Russian Company

Holbrook, Cabot & Rollins Corporation

International Merchant Marine

International Products Company

New York Shipbuilding Corporation

Pacific Mail Steamship Company

Rosin & Turpentine Export Company

Siems Carry Railroad and Canal Company

United Fruit Company

United States Rubber Company

United States Industrial Alcohol Company

Jones Laughlin Steel Corporation

Midvale Steel Corporation

G. Amsinck & Company

Symington Forge Corporation

Remington Arms

The Robert Dollar Company,9171,786781,00.html


Another good primary source regarding the American International Corporation is The Commercial & Financial Chronicle, a weekly newspaper that represented the industrial interest of the United States.

In volume 101 (July to December, 1915), of the Dec 4, 1915 edition, on page 1857 announces the terms of subscription to the stock of the American International Corporation.


The American International Corporation was quietly merged into The Adams Express Co., on December 31, 1945. The following record was made of this transaction by The Chronicle:

The Commercial & Financial Chronicle

Volume 162, Number 4441

New York, N. Y.,

Monday, November 26, 1945

Adams Express Co. –Exchange Offer Extended

The company has notified the New York Stock Exchange that it is extending to December 15, 1945 the offer to exchange its common stock for common stock of American International Corp. The company will extend withdrawals at any time before Dec. 15, 1945, of any shares of American International deposited under the initial exchange offer of Sept 28, 1945. No further extensions will be made.

George M. Giles Jr., President, stated—V . 162, p. 2137

The Commercial & Financial Chronicle

Volume 163, January-March, 1946, p.894

American International Corp. –Annual Report

As a result of an exchange of shares offered by The Adams Express Co. to stockholders of American International Corp., corporation has become a majority-owned subsidiary of The Adams Express Co., which owned at Dec. 31, 1945 61.3% of the stock of American International Corp.


AMERICAN INTERNATIONAL SEEKS ORDER. The SEC has issued an order under the Investment Company Act (Release IC-578l) giving interested persons until September 8 to request a hearing upon an application of Adams Express Company, New York, on behalf of American International Corporation ("AIC"), a management,closed-end diversified investment company, for an order declaring that AIC has ceased to be an investment company as defined in the Act. On November 22, 1969, holders of more than two-thirds of the outstanding shares of AIC and Adams adopted a plan of merger with Adams as the surviving corporation. On January 1, the merger of AIC into Adams became effective and Adams succeeded to all the assets, rights, liabilities and obligations of AIC and the existence of AIC as a separate corporation ceased.


The AIC’s income rose commensurate with the misery index of the period. We know via Antony C. Sutton’s account that AIC was significantly involved in the Russian Revolution of 1917, we also know that AIC’s ownership/control of the United Fruit Company in South America also influenced South American revolutions during its tenure. AIC and its income were dependent upon demand for resources, and its skills at large production capacity capability. A cursory look at the AIC income table between 1917 and 1930, significantly demonstrates both large Profit and even larger Asset accumulations. From 1917 to 1930 it sustained significant increases in profits totaling $39.5 million dollars, with its higher profits accumulated in 1917, 1919, and 1929 being its largest profit margin during the twenty-three year period of its tenure as National City Bank's extended influence abroad. [Source: Table III THE AMERICAN INTERNATIONAL CORPORATION INCOME [The Influence of Frank A. Vanderlip and the National City Bank on American Commerce and Foreign Policy 1910-1920,(P. 156) Robert Stanley Mayer, 1987]

By the time the American International Corporation had concluded its business, it had made stupendous profits for it’s original investors, had controlled roughly 177 companies worldwide, and had engaged in several revolutions, and took control over several countries, and redirected the wealth of the world into its own coffers. National City Bank has not been surpassed regarding their investment strategy, because the banking fraternity is still active worldwide……and the mechanism of control continues.....


Board of Directors - AIC

Williard Dickerman Straight (1880-1918)

'In 1915 Straight resigned from J.P. Morgan and was appointed third vice president of American International Corporation.'

Williard Dickerman Straight Papers 1825-1925


NY Times (1917) Reference to American International Corporation (China)

Secrets of the Federal Reserve - Jekyll Island

Google Documentation

'''The Special Libraries [ Guaranty Trust & AIC ]

Google Documentation

The Federal Reserve & The Men Who Created It

Google Documentation

A Foregone Conclusion: The Federal Reserve Bank of St. Louis

Google Documentation

Webster G. Tarpley: Against Oligarchy

Frank A. Vanderlip with Dignitaries From Japan (picture)

History of Palos Verdes Estates - Frank A. Vanderlip

Google Documentation

History of the Vanderlip Family

Google Documentation

The Vanderlip Mansion Palos Verdes

Google Documentation

Historical Documentation [American International Corporation],M1

Recent Documentation

The Secret Life of AIC By Jon Christian Ryter (March 31, 2009)

Detailed Documentation

The World Order by Eustace Mullins

'Primary Source Documents -- AIC'

Bulletin of American International Corporation

Heir to Empire: United States Economic Diplomacy 1916-1922 Carl P. Parrini Google Books

"American International Shipbuilding Corp., Hog Island, PA 1917-1921 (Owned by New York Shipbuilding's WWI corporate parent American International Corporation. Built in just 10 months under shadow of scandal. Laid its first keel Feb. 12, 1918. Luncheon sandwiches eaten by workers became known as hoagies. Built 122 ships. Site now occupied by Philadelphia International Airport.)" Source:


Wendelle Stevens Reveals Truth About Pearl Harber - Video Interview

America's Secret Establishment by Antony C. Sutton

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'Woodrow Wilson: Disciple of Revolution' (1938) by Jennings Cropper Wise on page 647 states:

'"Historians must never forget that Woodrow Wilson, despite the efforts of the British police, made it possible for Leon Trotsky to enter Russia with an American passport." '


Additional Reference:

Bulletin: American International Corporation - Volume 3 - Issue 1 American International Corporation - 120 Broadway, NYC.

Heir To Empire: United States Economic Diplomacy 1916 - 1923 Carl P. Parrini - GoogleBooks

Otto Kahn: Art, Money & Modern Time Theresa Mary Collins

The Online Books Page - American International Corporation

Catalog: HaitiTrust: Bulletin: American International Corporation

History and Development of New York Shipbuilding Corporation American International Corpoation

Maps.Google: 120 Broadway NYC - 1917 Board of Directors - American International Corporation

NY Times Topics: Articles About Woodrow Wilson - American International Corporation NY Times - Wednesday - January 15, 1914