The bankers saw that they didn’t have enough congressional votes to have the Aldrich Bill passed, therefore the bill was never brought to a vote. The bankers were not defeated however, they quietly decided to move toward financing a new effort, which was to finance Woodrow Wilson as the democratic nominee. Wall Street financier Bernard Baruch was put in charge of Wilson’s education. Historian James Perloff wrote, “Baruch brought Wilson to the Democratic Party Headquarters in New York in 1912, leading him like one would lead a poodle on a string. Wilson received an indoctrination course from the leaders convened there.”

Now, the stage was set and the money changers were poised to install their privately owned central bank once again. The damage President Jackson had done 76 years earlier, had only been partly repaired with the passing of the National Banking Act during the Civil War. Since then the battle raged on for decades. The Jacksonians became the greenbackers, who became the hardcore backers of William Jennings Bryan. With Bryan leading the charge, the opponents of the money changers, ignorant of Baruch’s tutelage now threw themselves behind the democratic representative Woodrow Wilson. The Americans and Bryan would soon be betrayed.