Who Financed the American Revolution?

Copied from the sermon notes of Pastor Don Elmore

September 3, 2023

Scripture Reading: Proverbs 22:7 “The rich ruleth over the poor, and the borrower is slave to the lender.”         

America has had a very interesting history.  German lost by just one vote to be the first language of the nation, instead of English, and yet we fought two world wars against Germany—the European nation that many Americans emigrated from.  There must have been quite a program of propaganda misinformation to convince the German descendants to go across the Atlantic Ocean and kill their own kinfolk!

Its religions are as diverse as anywhere in the world.  There are churches that believe in “free will” to God is “sovereign”; everyone on the planet is saved to just Israelites.  And now our nation has individuals whose “holy books” teach that Jesus is now in hell to He is the only sinless person who has ever lived.  As a result, He died and was resurrected for His sheep so that they could have eternal life once again.

And America, all throughout its history has had men like:

• Reverend Thomas Wentworth Higginson, a preacher of Unitarianism,
• Franklin B. Sanborn, a teacher,
• George Luther Stearns, a manufacturer,
• Gerrit Smith, a multimillionaire and partner of John Jacob Astor, who died on the Titanic,
• Dr. Samuel Gridley Howe, a famous physician whose wife, Julia Ward Howe, became even more famous for writing the words to The Battle Hymn of the Republic,
• Reverend Theodore Parker, a preacher of Unitarianism and a transcendentalist. 

These half dozen individuals were known as the “secret six”.  They were the financial power behind the activities of John Brown and his bloody, senseless murders which occurred right before the War Between the States.  These six famous and wealthy individuals were part of a conspiracy that was kept secret and financed and advised the assassin. 

All six of these persons were of high standing in the community.  All were in comfortable circumstances.  Some were famous and others were wealthy.  But school children are still taught that they were not bad, but heroes.  But they were the instigators of much evil.

John Adams (2nd president of the United States), John Quincy Adams (6th president of the United States), Charles Darwin (father of evolution theory), John Dewey (America’s public school leader), Charles Dickens (English novelist), Stanley Ann Dunham (mother of future 44thpresident of the United States, Barack Obama), Horace Greeley Newspaper editor and presidential candidate), Thomas Jefferson (3rd president of the United States), Isaac Newton (British physicists and mathematician), Paul Newman (actor and film director), Paul Revere (actor and American patriot), Albert Schweitzer (Nobel Peace, 1953), William Howard Taft (27thPresidentof the  United States), Daniel Webster (author of Dictionary) are some of the famous American Unitarians.  They believe that every person on the planet will be saved.  Do you think that they are Christian?  They don’t have a two seed doctrine, do they?

But, the secret six, two which were Unitarian preachers, are not the only ones that lived in our nation and secretly financed our government.  There have been hundreds who have financed and caused many murders in the United States and most of them did it in secret.

There were three main financers of the American Revolution which was fought against Great Britain.  You can’t fight a war if there is no money to pay the soldiers, pay for the ammunition, the guns, the swords, horses, food, clothing, etc.  Without these three financers there would be no Unites States of America, for there would have been no revolution or it would have ended very quickly.

FIRST FINANCER

The first practically unknown financer in America (whose name will be revealed later in the sermon) was a person who was born in Liverpool, England in January 1734.  He was the son of his father and a mistress.  His father’s business, that of a shipping broker, kept him away, and his son was raised by his maternal grandmother.  His son joined his father in his tobacco business while he was a teenager in Maryland in the colonies and later join with him in Philadelphia in his shipping business as his apprentice. 

A short time later, when he was sixteen years old, his father was killed in a freak accident.  So, when he was a teenager the son inherited his father’s business which was worth a lot of money.   As a youngster he became connected with the upper echelons of Philadelphia society.  

His company became   even more successful after they began to monopolize the industry.  He opened new markets in trade with nations on the Mediterranean Sea, China, India and even African slaves, which made him very wealthy. 

When he was twenty-nine years old, he fathered a daughter out-of-wedlock whom he provided for the rest of his life.  When he was thirty-five years old, he married Mary White, the daughter of a wealthy lawyer.  They had seven children together.

With the outbreak of the American Revolution in Massachusetts in 1775, he was the wealthiest man in America.  He was given the task of providing munitions and gunpowder to the Continental Army, which he did with much success.  This won him a nomination to the Second Continental Congress the following year.

He is one of only two Revolution-era delegates to have signed all three founding documents:

• The Declaration of Independence (1776),
• The Articles of Confederation (1781-1789), and
• The Constitution (1789).

Yet his name is seldom mentioned alongside Thomas Jefferson, Alexander Hamilton, James Madison, John Adams or his good friend George Washington.  He was a member of the Anglican Church.

He also reformed the colonial government, establishing the Bank of North America, the first congressionally chartered national usury bank to operate in the United States. He believed that the national government would be unable to achieve financial stability without the power to levy taxes and tariffs, but he was unable to convince all thirteen states to agree to an amendment to the Articles of Confederation.

In 1781, with the situation remaining in peril, he began bankrolling the needed supplies of the Continental army on his own. He officially served as the Superintendent of Finance, the precursor to the Treasury Secretary. Using his personal credit, he put up the necessary funds to ensure the loans would be honored.

Frustrated by the weakness of the national government, he resigned as Superintendent of Finance in 1784.  He recommended Alexander Hamilton for the position of Secretary of the Treasury.

Alexander Hamilton married into the Rothschild family December 14, 1780, Alexander Hamilton was born Alexander Levine, of Jewish lineage, in St. Croix, the West Indies.

Men who obtained control of the Bank of England, and the British National Debt, also obtained control of the trade and commerce and the monetary system of Britain’s American colonies. When the associates of the Rothschild’s banking interests found out from Benjamin Franklin, when he visited England, how he accounted for the prosperous conditions prevailing in the colonies, Franklin replied:  “That is simple—In the colonies we issue our own money.  It is called Colonial Script—we issue it in proper proportion to the prevailing demands of trade and industry.”

Not very long after the Rothschilds heard of this they realized the opportunity to exploit the situation with considerable profit to themselves. The obvious thing to do was to have a law passed prohibiting the Colonial officials from issuing their own money and make it the exclusive operation of the Banks.

The authorities in the Colonies had to discard their Script money. They had to mortgage the Colonial assets and securities to the Bank of England in order to borrow the money they needed to carry on business. Referring to those facts Benjamin Franklin stated: “In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.”

Franklin stated: “The Bank of England refused to give more than 50 percent of the face value of the Script when turned over as required by law. The circulating medium of exchange was thus reduced by half.”

Mr. Franklin disclosed the primary cause of the Revolution when he said: “The Colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the Colonies their money, which created unemployment and dissatisfaction.”

Alexander Hamilton (Levine) suggested that his proposed Federal Bank be capitalized for $12 million. The Bank of England (Rothschild) would provide $10 million; the remaining $2 million would be allocated to wealthy people in America. In 1793 Alexander Hamilton (Levine) and his business partner, the person who was the first financer of the nation, organized the Bank of America.

To make sure the United States financial cupboard was bare, Hamilton (Levine) transferred the last $250,000 from the Treasury Department and invested it in the Bank’s Capital Stock. The directors of the Bank of America were agents of the Bank of England. The Illuminati controlled both. The fact that they sold their souls to Satan in order to gain the world is the truth they wish to conceal.

But during the duration of the war, the American army received the supplies that it needed. This former English merchant personally financed the American Revolution out of his own pocket. “His notes” became widely circulated promissory notes within the ranks of the army.

However, one individual could not finance every aspect of what the war required. Changes had to be made in the way the confederation government operated. In 1782, he was among a handful of nationalists within Congress who were calling for changes to the Articles of Confederation.

Unable to pay the soldiers of the Continental Army because of structural precedence, he, along with Alexander Hamilton (Levine), began corresponding with a select few of the officer staff within Washington’s headquarters.

At the same time, he, with Hamilton (Levine) as his advisor, had been scheming ways to create a financial sector for the government to operate. It was this English man who proposed assuming the war debt by creating credit through a national bank. However noble as these plans were, the Confederation Congress refused to listen. Both Hamilton (Levine) and he would resign from Congress in 1783-84 as the debt from the war continued to balloon with no solution to paying it off. 

By 1786, it was clear among many in the country, particularly those who had always been critical of the ineffectiveness of Congress to govern over the states, that something had to change. He was nominated as a Pennsylvanian delegate to attend the Annapolis Convention, the precursor to the Philadelphia Convention the following year that produced the Constitution. It was he, in attendance at Philadelphia, who nominated Washington to preside over the deliberations, a move that was unanimously accepted in order to give the convention its legitimacy.

Without this merchant, the American Revolution may have been crushed under a mountain of debt and disarray.  This self-made millionaire from Philadelphia never set out to be a politician but was pressed into service by the Continental Congress when it needed a brash and savvy capitalist who could manage America’s chaotic finances during the war for independence.

That’s because this rich merchant didn’t fit the high-minded mold of the Founding Fathers.  In a nation founded on Enlightenment ideals, he was a self-interested pragmatist and an unrepentant chaser of money.  After the Revolution, his greed caught up to him and landed him in debtor’s prison.  

Who was this person who gave much of his great wealth to pay the young nation’s debts and later in his life, after he had made some very bad investments, went to debtor’s prison for several years? 

It was Robert Morris.

Robert Morris was on the hook for an estimated $3 million dollars, an inconceivable amount in the late 18th century. Since bankruptcy laws were only beginning to be adopted at the time, debtors were still rounded up and thrown into debtor’s prison.

Morris tried to evade his arrest by hiding out in his country manor for months, but he eventually relented and served three years behind bars. Morris was released in part because his friends in Congress passed the Bankruptcy Act of 1800, enabling him to liquidate assets, including his ostentatious Philadelphia mansion, which he never lived in.

Morris left prison a humbled man and lived his remaining five years quietly with his wife, supported by a meager stipend. Philadelphians were so put off by Morris’s post-Revolution exploits that when he died on May 8, 1806, the local papers only printed a five-line obituary. 

SECOND FINANCER

America owes a debt of gratitude to a largely unsung Jewish hero who helped establish the sweet land of liberty in the 1700s.  Haym Salomon was a patriotic broker who helped finance the American Revolution. In 1975 the United States Postal Service issued a 10-cent commemorative stamp honoring Salomon as a “Contributor to the Cause” of the American Revolution. The back of the stamp reads: "Financial Hero–-Businessman and broker Haym Salomon was responsible for raising most of the money needed to finance the American Revolution and later to save the new nation from collapse.”

The Polish-born Jewish immigrant knew the heights of success and the depths of tragedy in his short life. Born in 1740, he would count the first president under the Constitution, George Washington, among his friends and loan hundreds of thousands of dollars to the government–-millions in today’s dollars. In addition, he would make private loans to prominent statesmen and historical figures like James Madison, Thomas Jefferson and James Monroe.

Salomon’s adventures began early in his life, when he spent several years moving around Western Europe and England. He became fluent in many languages that put him in good stead for the rest of his life.

He landed in New York in 1772 and quickly established himself as a merchant and dealer in foreign securities. Soon he became active in the patriot cause when 13 of Great Britain’s North American colonies fought for political independence during the American Revolution (1775-83). After a fire destroyed much of New York, the British arrested Salomon as a spy in 1776 but then pardoned him and made him an interpreter with their German mercenaries.

The rollercoaster of his existence seemed to take a happy twist in 1777, when he married Rachel Franks, whose brother Isaac served as a lieutenant colonel on George Washington’s staff. But another downturn soon followed. Salomon was arrested again in 1778 and sentenced to death by hanging. He had aided prisoners of the British in escaping and encouraged German troops to desert. Somehow, though, he managed to escape to Philadelphia, which eventually would become the temporary capital of the independent United States.

Salomon fled penniless, as his property had been confiscated. His family soon joined him, and he landed on his feet once again as a broker and dealer in securities. He would become paymaster general of the French troops fighting for the American cause.

Salomon happened to be in the right place at the right time. He arrived in Philadelphia as the Continental Congress needed money to support the American Revolution. The Congress had no power of direct taxation.

In 1781 Congress appointed Robert Morris the superintendent of finances in charge of wrangling the chaos. Morris started the Bank of North America andrelied on public-spirited financers like Salomon to subscribe to the bank, find purchasers for government bills of exchange and lend their own money to the government.

Although some say Salomon’s role in financing the Revolution may have been exaggerated, his willingness to take financial risks for the Patriot cause helped the new nation get its start.

Salomon became a successful broker of bills of exchange to meet federal government expenses. He rose from a penniless fugitive to a respected businessman who helped equip soldiers and gave generously to military units. He also carved a place in history as a philanthropist and defender of fellow Jews and religious (Jewish) freedom.

For instance, he was an influential and generous member of Philadelphia’s Mikveh Israel congregation, where a sign in the cemetery acknowledges the Revolutionary patriot as one of the notables buried there. 

Salomon helped lead the fight to have the Pennsylvania Council of Censors remove a religious test oath that the state constitution required for holding an office–-thereby paving the way for non-Christians, including Jews, to hold public office.  Another sign that the Protestant nation was disappearing. 

Ironically, after helping so many, Salomon himself died impoverished in 1785–-possibly as a result of his purchases of government debt. He left his wife and four young children with debts greater than his estate.

THIRD FINANCER

France had faired particularly poorly after the Seven Years’ War losing Canada to Britain. Their finances were still in distress due to their loss in the war but were slowly recovering. France though was under new financial leadership with Jacques Necker and King Louis XVI.

Necker was a Swiss Protestant making his appointment unusual as France was a devout Catholic country and at the current time period Protestants tended to be shunned and did not hold powerful positions. Necker was a brilliant financier however and it was believed he would be able to lift France out of their financial crisis. When he began his rule as Superintendent of Finances in 1776, France was in roughly 24 million livres of debt. Necker claimed he would be able to clear it through several methods.

He rearranged administrative expenses. To start with, before beginning his main campaign concerning ordinary revenue, France had two different types of revenue called ordinary revenue and extraordinary revenue. Then there were ordinary and extraordinary expenses. Ordinary revenue was the annual amount of revenue that France received from its normal activities outside of war time. This included trade and taxes that are not brought in for war time. Extraordinary revenue were loans during wartime.

In early 1778, the French government chose to take the significant step of supplying loans to the United States Government to assist in their War of Independence against Great Britain. From this moment on the American and French finances became intertwined as the United Colonies continued to ask for more of the dwindling French finances.

The French gave their final loan in 1782 and slowly received payback from the United Colonies government until 1795 when James Swan, an American banker, bought the debt off France and turned it into a domestic debt. In order to understand the reasons behind the creation of the loan it is necessary to understand the global powers at the time.

This loan had great impacts on both countries as it transformed the revolutionaries from an uncoordinated group of colonies to a fully formed country with a functioning government, whilst France went from being a world power to undergoing a full revolution resulting in the end of their monarchy (1793) and the beginning of the Napoleonic era.

CONCLUSION

Indians and blacks today have been taught to hate the White man and to blame their past and present unfortunate status on a “race”—the White race.  The real shame is that those two people will never solve their “hate” problems nor receive any social justice until they realize that it was not the “White man” to blame for their present sorrows, but it was the Jewish usury bankers. 

And that is true with most of the problems that we face in today’s world as well as in the past.  It is the usury Jewish bankers.

Robert Morris, Haym Solomon and the French king were the three main financers of the American Revolution.  Without their help, the freedom sought by the colonies would not have matured to one of the most vigorous nations in the world.  But how could this nation be such a magnificent nation, if the people who funded it were not so noble?  All three were born outside of the United States; one was a Judeo-Christian, one a Jew and one a Catholic.  None had the beliefs of a Christian, let alone even a Protestant!

Morris was born in England, whose father had him out-of-wedlock.  He was made rich when his father was killed in a freak accident and became the wealthiest man in America by 1775.  He went to Maryland first to help in his father’s tobacco business, then moved to Philadelphia to be an apprentice and took over his father vast business after his sudden death.  

He supported the colonies with his own money many times.  But he helped structure the Jewish National Bank, which when they charged usury, made America not as prosperous as they once were.  This ended, in my opinion, the Protestant nation. 

Haym Solomon was born in Poland and immigrated to the United States.  He was penniless several times and rose to great riches by being a broker and a dealer in securities.  He helped provide the financial support for the National Bank and paid for many things in the War.  Haym, like Robert Morris, died almost penniless. 

The French and the British had just finished fighting the French and Indian War, along with many nations in Europe.  Britain won; France lost.  France wanted to help the colonies defeat Britain.  But France went from being a world power to undergoing a full revolution resulting in the end of their monarchy and the beginning of the Napoleonic era.

Independent Frenchmen such as the Marquis de Lafayette traveled to America to join the war effort. Later in the Revolutionary War, French soldiers and sailors were instrumental in the victory of the United States.   

So, the three most important financers of the American Revolution, Roger Morris and Haym Solomon, one born in England the other in Poland, ended their life almost penniless while the French began their own revolution, bankrupt in 1793, and killed Louis XVI at the guillotine.  And one of the reasons was the tremendous debt that they had acquired.

Wouldn’t you have thought that there would have been more of a reward than a disaster for those who help in preserving America’s revolution?  No, I don’t think so when you look at who were the individuals who financed them…a person who aided the anti-Christ, and an anti-Christ and a person who hated England.  

At this time, was Satan in the pit, or out of the pit, or was he to be put in the pit in the future?

Blessed be the LORD God of Israel.