. >> henry davidson, senior partner. assistant secretary of the treasury, president of national city bank of new york. partner representing the rothschilds in europe. they represented essentially one-fourth of the entire wealth of the world. >> the entire world. an incredible statement. that is not my appraisal, but that was the opinion of the journalist at the time who was writing about these people. not in connection with the federal reserve, but prominent bankers and they talked about the jekyll island group, for example, and then these bankers in particular. and the investment houses. but they said these men represented directly to the power that they held in their own hands and indirectly to the money that was concentrated in the investment firms, the insurance companies and the banking companies, put it altogether. one-fourth of the wealth of the entire world. that concentration of wealth is only increasing since then. >> mr. griffin, was the federal reserve act at the time it was being debated in congress, was it