Eugene Meyer

"George H.W. Bush admitted that, besides his Uncle George Herbert Walker, Jr., the largest single investor in his first venture into oil production in the 1950s was Eugene Meyer, Jr., a long-time client of Brown Brothers. Meyer, who purchased the Washington Post at auction in 1933, had been appointed in 1930 by Herbert Hoover to be Governor of the Federal Reserve Board.

"With a profit of a half million dollars made in his first year of investing in stocks, in 1903 he set up his own brokerage house, Eugene Meyer Jr. and Company—the first statistical office with engineers and scientists on staff, who would steer his investment house into investments in copper, steel, motorcars and chemicals." ibid.

"Meyer also became involved in the Alaska-Juneau Gold Mining Company created with fellow public servant in the war effort, Bernard Baruch, in 1915. ... Through his association with Baruch, Meyer helped create the new Anaconda Copper. Eugene Meyer, Jr. authored a book, published in 1916, called The New Anaconda." ibid.

"Sitting as chairmen and on the boards of numerous entities created by the United States government in order to administer minerals and materiel into a massive war machine, Meyer and Baruch, together with the German banker who drafted the legislation to create America’s central bank, were “members of the famous Triumvirate which exercised unequalled power; Meyer as Chairman of the War Finance Corporation, Bernard Baruch as Chairman of the War Industries Board, and Paul Warburg as Governor of the Federal Reserve System.” ibid.