Event

Meeting at Jekyll Island

Secret gathering in November 1910 where six men wrote a plan for a central bank.

9 links, 0 backed by primary records

Connections 9

Nelson Aldrich convened it Scholarship & press 1 2
Henry P. Davison helped choose the attendees Scholarship & press 1
A. Piatt Andrew attendee Scholarship & press 1
Frank Vanderlip attendee Scholarship & press 1
Paul Warburg attendee Scholarship & press 1
Benjamin Strong Jr. worked with the group; probably not present Scholarship & press 1
Vanderlip's autobiography places him there; no other account does.
Jekyll Island Club host; a member, most likely J. P. Morgan, arranged the use of the club Scholarship & press 1

Panic of 1907 According to Federal Reserve Scholarship & press 3
The Fed's account: the panic led Congress to create the Commission, whose study the meeting served.

Timeline 1 date

Proof 3 sources

The Meeting at Jekyll Island, Federal Reserve History (Federal Reserve Banks and Board of Governors), 4 Dec 2015. Scholarship & press
Aldrich—most likely at Davison's suggestion—decided to convene a small group
The group included Aldrich; his private secretary Arthur Shelton; Davison; Andrew (who by 1910 had been appointed assistant Treasury secretary); Frank Vanderlip, president of National City Bank and a former Treasury official; and Warburg.
Aldrich and Davison chose the attendees for their expertise
But it is unlikely Strong attended the meeting on Jekyll Island.
In his autobiography, Vanderlip recalls him attending, but no other account indicates Strong's presence.
A member of the exclusive Jekyll Island Club, most likely J.P. Morgan, arranged for the group to use the club's facilities.
But the plan written on Jekyll Island laid a foundation for what would eventually be the Federal Reserve System.
Federal Reserve Act Signed into Law, Federal Reserve History (staff of the Federal Reserve Bank of Kansas City), 22 Nov 2013. Scholarship & press
The then-secret meeting was organized by financiers and bankers who recognized the nation's need for a central bank and wanted to begin the process.
Panic of 1907, Federal Reserve History, Federal Reserve Bank of Atlanta and Board of Governors. Scholarship & press
The panic's impact is still felt today because it spurred the monetary reform movement that led to the establishment of the Federal Reserve System.

Page history 1 change