On December 9, 1959, The Right Rev. Timothy F. O'Leary, Superintendent of Catholic Schools for the Archdiocese of Boston, wrote to all Catholic schools in the district, telling them that he was making plans for their participation with the World Affairs Council and the Foreign Policy Association in the Great Decisions 1960 Program.
On November 27, 1960, Our Sunday Visitor (largest and perhaps most influential Catholic newspaper in America) featured an article by Frank Folsom, Chairman of the Executive Committee of the Board of Directors of the Radio Corporation of America, and a leading Catholic layman. Mr. Folsom was effusive in his praise of the FPA-WAC Great Decisions program.
The interlock between the Council on Foreign Relations and the Foreign Policy Association-World Affairs Center can be seen in the list of officers and directors of the FPA-WAC:
Eustace Seligman, Chairman of the FPA-WAC, is a partner in Sullivan and Cromwell, the law firm of the late John Foster Dulles, a leading CFR member.
John W. Nason, President of FPA-WAC, is a member of the Council on Foreign Relations.
Walter H. Wheeler, Jr., President of Pitney-Bowes, Inc., is Vice Chairman of FPA-WAC, and also a member of the CFR.
Gerald F. Beal, of the J. Henry Schroeder Banking Corporation of New York, is Treasurer of FPA-WAC, and also a member of the Council on Foreign Relations.
Mrs. Andrew G. Carey is Secretary of FPA-WAC. Her husband is a member of the CFR.
Emile E. Soubry, Executive Vice President and Director of the Standard Oil Company of New Jersey, is Chairman of the Executive Committee of FPA-WAC, and also a member of the CFR.
Benjamin J. Buttenwieser, of Kuhn, Loeb, and Company, in New York, is a member of the Executive Committee of FPA-WAC, and also a member of the CFR.
Joseph E. Johnson (old friend of Alger Hiss, who succeeded Hiss as President of the Carnegie Endowment for International Peace) is a member of the Executive Committee of the FPA-WAC, and also a member of the CFR.
Harold F. Linder, Vice Chairman of the General American Investors Company, is a member of the Executive Committee of FPA-WAC, and also a member of the CFR.
A. William Loos, Executive Director of the Church Peace Union, is a member of the Executive Committee of the FPA-WAC. Mr. Loos attended the CFR meeting with high communist party officials in the Soviet Union in May, 1961.
Henry Siegbert, formerly a partner in the investment banking firm of Adolph Lewisohn & Sons, is a member of the Executive Committee of the FPA-WAC, and also a member of the CFR. [Pg 059]
Chapter 4
COMMITTEE FOR ECONOMIC DEVELOPMENT
On June 20, 1961, The San Francisco Examiner published a United Press International news story with a June 19, Washington, D. C. date line, under the headline "J.F.K. Backs Tax Cut Plan."
Here are portions of the article:
"President Kennedy today urged Congress and the people to give a close study to a monetary reform proposal which would empower him to cut income taxes in recession periods.
"He issued the statement after receiving a bulky report from the Commission of [sic] Money and Credit....
"The 27-member commission was set up in 1957 by the Committee for Economic Development (CED). Its three-year study was financed by $1.3 million in grants from the CED and the Ford and Merrill Foundation.
"One of the key recommendations was to give the President limited power to cut the 20 percent tax rate on the first $2000 of personal income, if needed to help the economy....
"The report also recommended extensive changes in the Federal Reserve System, set up in 1913 as the core of the Nation's banking system...."