1965 Coinage Act & the Pilgrims Society

1965 COINAGE ACT & THE PILGRIMS SOCIETY Presented October 2017 by Charles Savoie “WE ARE VERY PARTICULAR AS TO WHO WE LET IN” 2003 short run book, “The Pilgrims of the United States,” 1919 document, page 37. Some members of Congress were “let in” due to voting against silver coinage in 1965! “Sinclair Weeks, president of the Silver Users Association, said in a speech prepared for the press conference that the U.S. should eliminate the use of silver in its coins as soon as possible.”---Wall Street Journal, February 1, 1965, page 7. “Saving silver coins is an amusing way of exerting one’s independence of Big Brother, who officially frowns on such caprices.”---William Rickenbacker in “Death of the Dollar” (Arlington House, New Rochelle, New York, 1968, page 171). Some of you were around when the new cupronickel clad coins arrived on the scene in 1965. I remember that arrival as I was at a (which do you prefer) laundromat or washateria with an adult neighbor who thought the new orange-edge coins were cool, trendy and stylish. I however reacted with horror. I used to help my older brother count silver coins he received in payment for his newspaper route and that’s what I was used to seeing---silver dimes, halves and quarters. I fished out a mint error cent out of his vinyl zipper bank bag and sold it to a dealer for $5.00. The laundromat scene made me freak out, and I was barely 11. Just about everyone reacts to social change with alarm; things which we look back on and realize there was no need to get flustered because harm wasn’t done. But not in this case! How little at the time did I realize a British Royal family sponsored secret society tying us to England (the home of central banking and fiat money) was responsible for the new cheapened coins. The scan comes from the leaked list of The Pilgrims 1908 for the original branch in London and its junior partner New York branch. Junior partner status of the USA branch is confirmed in their own statements---60% of the decision making as to which new moguls, magnates, kingpins, tycoons and wealthy globalists will become members of The Pilgrims, was/is in British hands--- If you’re new to seeing this Society mentioned, you can get enough details to leave you occupied for a very long time at www.silverstealers.net and the research archive at www.nosilvernationalization.org starting with the December 2004 item then the Silver Squelchers series at that link. Take note these are all free access; do not repost elsewhere and charge for viewing! Want to write a book on silver? Do your own research; don’t mine my free public library of over 2 million words as source material. While the silver coin wars were raging in 1961-1965, the term of Treasury Secretary Douglas Dillon (second generation member of The Pilgrims), and Robert V. Roosa, Treasury undersecretary (Pilgrims 1969; see end of document), the Pilgrims Society controlled media---New York Times, Newsweek and Time Magazines, NBC and CBS News and many others--- with members on their boards of directors, and getting vast advertising revenues from Pilgrims Society interests---Big Oil, automakers, Big Tobacco, Big Pharma and others, were telling the public we needed to replace silver coins. And it’s true the value of the silver was headed north of the nominal value of the coins; for that reason, a silver money favorable economist (a great rarity) named Elgin Groseclose suggested in issues of the Commercial & Financial Chronicle that we start doubling the nominal values in transactions---accounting half dollars the same as dollar bills and so forth. That suggestion received no traction. Harry Magnuson of Golconda Mining Company (Idaho) made the same suggestion in the Commercial & Financial Chronicle, November 5, 1964, page 1709. The retail and especially the vending machine industry was so worried about coin shortages that the Mint was still stamping 90% silver quarters dated 1964 for several months into 1965; at least as of April; an undisclosed amount but large; reason being, there was the correct fear that collectors and speculators would hoard even more coins as they’d want 1965 dated silver coins for collections. The Feds also ended the “S” mint marks of San Francisco. However, a 90% silver quarter has been known to have been struck in error dated 1965 and sold for over $7,000. In “Crisis In Silver,” Financial World magazine, April 21, 1965, page 9 we see--- “The Treasury IS STILL STAMPING THE 1964 DATE ON 1965 COINS in the hope of discouraging collectors. It might be necessary to outlaw hoarding.” Just think! You may own some silver coins that were minted in 1965 but with no way to know because the years all read 1964 as the last 90% coins (besides proofs). Title I, Section 101, subtitle 3-B of the 1965 Coinage Act reads--- “Half dollars, quarter dollars and dimes may be minted from 900 fine coin silver only until such date as the Secretary of the Treasury determines that adequate supplies of the coins authorized by this Act are available, and in no event later than five years after the date of enactment of this Act.” I haven’t found anything to indicate silver coins struck in 1965 but dated as 1964’s continued past spring 1965. Another excerpt from the bought off Congress against silver--- News accounts from the Wall Street Journal and elsewhere are available of people arrested for melting silver coins. Two examples will do. The Wall Street Journal, April 30, 1968, page 9, mentioned three men were arrested by the Secret Service of the U.S. Treasury Department in Tucson Arizona with “two tons of dimes and quarters and a small smelter.” However, before the end of the 1960s, the Silver Users Association lobbying got the law against coin melts rescinded for their benefit, after the cursed torrent of clad coins entered the banking system. January 13, 1968 New York Times, “U.S. Stands Ready To Melt Its Coins” reported--- “Officials in the silver using industries said here yesterday they were encouraged by a statement by Robert A. Wallace, Assistant Secretary of the Treasury, who said that the Government “stands ready” to melt silver coins AND OFFER THE METAL TO INDUSTRIAL USERS. In a speech to the winter meeting of the SILVER USERS ASSOCIATION---composed of photographic film manufacturers, tableware companies and other consumers of the metal---Mr. Wallace said that coins stockpiled by the Treasury had been held against a possible shortage during the Christmas shopping season.” Flashback to the Tucson arrest report; the same page mentioned “The General Services Administration disclosed plans for selling the silver bullion currently being produced by the Treasury Department under its program for melting coins.” The Government claimed a monopoly on that activity as it wanted to insure the silver went to the Silver Users Association. The other instance I wanted to pass along was reported in the Wall Street Journal, December 5, 1968, page 29, in which two men were turned into the Secret Service by Englehard Corporation (Silver Users Association)--- “Brooklyn---Two men were arraigned in Federal court accused of trying to capitalize on the high price of silver by illegally melting down U.S. coins. Secret Service investigators say they moved in to close a coin smelting factory run by Nathaniel Robinson an investment adviser and Arthur T. O’ Leary and insurance consultant. The men melted more than $100,000 in coins. The two men were melting old coins in crucibles mounted over gas flames. Investigators found partially melted dimes in the bottom of a steel sink. Investigators also found about $50,000 troy ounces of silver in the men’s cars. The men sold an initial load of ingots to officials of Engelhard saying they had melted down sterling silver by sifting through rubbish. Englehard noticed the silver content in the ingots was below that of actual sterling and when the men came back with more, Engelhard officials called in the Secret Service. Investigators said this was perhaps the biggest case of illegal coin melting ever uncovered.” Two things---their cars must have been sagging and what? They said they found that much sterling silver “by sifting through rubbish?” They should have raised the content to .925 and cast their own sterling objects for sale and made a way better mark-up. Engelhard was a critic of silver coinage; nonetheless, Englehard Industries picked up “nearly 200,000 ounces of Treasury silver” for presenting silver certs for redemption in just one reported instance (Engineering & Mining Journal, October 1963, page 23). What type of schemers and connivers get invited to join The Pilgrims Society? And we are zeroing in on the New York branch, as this has to do with USA legislation. Many types of people from many fields get invited to membership; always people who can influence events at high levels and some cultural flunkies who are there as “pets” for the more powerful members. In this report we want to focus exactly on a certain type of man that gets invited to join---men who legislatively damaged the use of silver as money! Another 1908 excerpt and these rules are the same in the 2014 documents--- I want to be emphatic that the influence The Pilgrims Society had on the passage of the Coinage Act of 1965 was hardly limited to some lawmakers in the Senate and House who voted for this garbage bill in 1965 and later became Pilgrims members.

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