Quote: Henry Ford the banking system and a revolution tomorrow

Garson O'Toole adsgarsonotoole at GMAIL.COM
Wed Nov 16 18:02:28 UTC 2011

Many thanks to Joel and Victor for responding. I was unable at this
time to substantiate the attribution to Andrew Jackson of the
following saying:

If the people only understood the rank injustice of our Money and
Banking system, there would be a revolution before morning.

The 2011 book "America in Islamistan: Trade, Oil and Blood" by
Abdulhay Y Zalloum contains the above quote and provides the following

Arthur M. Schlesinger Jr., The Age of Jackson, New York, Mentor Books,
1945, 6-7.

Google Books contains multiple editions of Schlesinger's book. The
editions dated 1953 and 1960 are in snippet mode. I was unable to find
the phrase attributed to Jackson in any of the editions of
Schlesinger's book while searching using GB. I also could not find it
with Amazon Look Inside. However, sometimes GB and Amazon indexes are
incomplete. I have not examined the book on paper. So this secondary
source is not verified, and I have not seen any primary sources yet.

The WikiQuote Talk Page for Andrew Jackson shows that list member Ken
Hirsch has done great work exploring another saying about banking
attributed to Jackson that includes the phrase "You are a den of
vipers and thieves."

Jason Zweig of the Wall Street Journal has now written a post titled
"The Wrong Guru for Occupy Wall Street" that mentions the 1938
attribution for Henry Ford contained in the initial article of this
thread. It's wonderful to see a top journalist making the effort to
treat quotations with care:



On Mon, Nov 14, 2011 at 9:41 PM, Victor Steinbok <aardvark66 at gmail.com> wrote:
> ---------------------- Information from the mail header -----------------------
> Sender:       American Dialect Society <ADS-L at LISTSERV.UGA.EDU>
> Poster:       Victor Steinbok <aardvark66 at GMAIL.COM>
> Subject:      Re: Quote: Henry Ford the banking system and a revolution
>              tomorrow
> -------------------------------------------------------------------------------
> Here's another interesting quote of a similar nature--I'm amazed
> something like this has not been repurposed by the Tea Party and
> attributed to one of their mythical heroes.
> http://goo.gl/OaAwF
> Tax Facts. Published in the Interest of Sound Economics and American
> Ideals. Volume 5(9). Los Angeles: January 1927
> Tax News. p. 34/2
>> If the people of America knew how much indirect tax they are paying to
>> Federal and State governments, there would be a revolution, I verily
>> believe.
>> --Governor Donahey of Ohio
> Guggenheim's quote I sent earlier would please the opposite crowd.
> Here's how another publication treated that line without quoting directly.
> http://goo.gl/ZNExy
> Single Tax Review. Volume 15(1). New York: January-February 1915
> U. S. Commission on Industrial Relations. p. 43/1
>> Daniel Guggenheim, of the American Smelting and Refining Co., thought
>> it was the duty of the United States government to take care of the
>> people and was of the opinion that there would be a revolution now in
>> consequence of the large number of unemployed if it were not for
>> private charity.
> I wish I had more to say about the quote in question, but I don't.
>     VS-)
> On 11/14/2011 6:31 PM, Garson O'Toole wrote:
>> A journalist asked me about a saying attributed to the quintessential
>> industrialist Henry Ford that is currently being tweeted. Here is an
>> example:
>> If the people understood the banking system, there would be a
>> revolution tomorrow. Henry Ford
>> Versions of this quotation have been used by occupy people, tea party
>> activists, trade unionists, and people that dislike the Federal
>> Reserve System.
> On 11/14/2011 9:08 PM, Victor Steinbok wrote:
>> I've found something unrelated, but possibly of interest to quote
>> collectors.
>>> Were it not for philantropic work there would be a revolution here.
>> This is a statement made by Daniel Guggenheim some time late in 1914.
>> The line is repeated in several union magazines of the period, but
>> they likely are copying the story from each other.
> ------------------------------------------------------------
> The American Dialect Society - http://www.americandialect.org

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