Political career Louis Thomas McFadden

mcfadden in 1931

mcfadden vociferous foe of federal reserve , claimed created , operated jewish banking interests conspired economically control united states. on june 10, 1932, mcfadden made 25-minute speech before house of representatives, in accused federal reserve of deliberately causing great depression. mcfadden claimed wall street bankers funded bolshevik revolution through federal reserve banks , european central banks cooperated.

after expulsion washington d.c. of veteran petitioners of bonus army, called greatest crime in modern history , mcfadden moved impeach president herbert hoover in 1932, , introduced resolution bringing conspiracy charges against board of governors of federal reserve. impeachment resolution defeated vote of 361 8; seen big vote of confidence president hoover house. according time magazine mcfadden “denounced , condemned republicans ‘contemptible gesture’. central press association reported virtually read out of party ... [had] committee posts ... taken away him…was ostracized republicans [and] called crazy ... . sen. david a. reed (r-pa) said “we intend act practical purposes though mcfadden had died”.

in 1933, introduced house resolution no. 158, included articles of impeachment secretary of treasury, 2 assistant secretaries of treasury, board of governors of federal reserve, , officers , directors of twelve regional banks.

in 1934, made several anti-semitic comments floor of house , in newsletters constituents wherein cited protocols of elders of zion, claimed roosevelt administration controlled jews, , objected henry morgenthau, jr., jew, becoming secretary of treasury. drew pearson claimed in washington merry-go-round column that, in publication american fascist silver shirts, mcfadden had been extensively quoted in support of adolf hitler . in september nazi tabloid der stuermer praised mcfadden. lauded publications of william dudley pelley, leader of silver shirts, on several occasions. on election day year lost charles e. dietrich 2,000 votes . election between 1912 , 1950 when district elected democrat.

according mcfadden s jewish telegraphic agency obituary: in january 1935, announced candidacy president backing of organization called independent republican national christian-gentile committee on platform keep jew out of control of republican party! not garnering support presidential bid, tried win congressional seat. lost nomination wide-margin col. albert g. rutherford went on win general election.