Did you know that three of the richest men in America opposed the idea of a Federal Reserve and a Central Bank and all three of them died in 1912 during the sinking of the Titanic (which the other bankers decided not to board at the last minute)?
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The Full Story
Historic voyage
J.P. Morgan, along with several of the richest men in America, were set to board the maiden voyage of the RMS Titanic on April 10, 1912. However, Morgan, as well as his close friend and iconic chocolatier, Milton Hershey, cancelled their trips at the very last minute.
Millionaires Jacob Astor, Isidor Straus and Benjamin Guggenheim, all who reportedly opposed the forming of a central bank, died when the Titanic sank four days later on April 15.
Captain Smith
Many questions surround the whereabouts of Captain Smith on the eve of the sinking of the Titanic.
There have been reports that he was seen on the streets of Baltimore three months later by a businessman who was once an officer on one of Captain Smith's liners and knew him well.
Smith had been traveling the North Atlantic waters for twenty-six years and was the world’s most experienced master of the North Atlantic routes.
He had worked for J.P. Morgan for many years.
Smith knew there were icebergs in that area and was given eight warnings to slow down.
Isidor Straus—German-American, was co-owner of Macy's department store with his brother Nathan.
Benjamin Guggenheim—American millionaire and metal smelting mogul.
John Jacob Astor IV—wealthiest passenger aboard Titanic. He was the head of the Astor family, with a personal fortune of approximately $150,000,000.
Edward John Smith, The Captain of the Titanic — a British naval officer, served as master of numerous White Star Line vessels.
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