Harvard Corporation | Richashell.com

The Harvard collection is probably the best in the world for the study of the American trade in China. It possesses the papers of all the major American players in the trade, with a complete account of Augustine Heard & Co., partial accounts of Russell & Co., as well as the personal papers of William Wetmore, John Perkins Cushing, the Forbes family and others who were involved in the trade. The location of this treasure trove in Boston is fitting. Most of the American opium traders were native to the Massachusetts Bay area, with a few others from Rhode Island and Connecticut. Robert Bennet Forbes was born in Jamaica Plain, John Perkins Cushing settled in Belmont, and in fact was the person who separated it from Watertown, making it his own private estate. Many of the opium clippers that were built under the supervision of the traders were built in Salem or Medford (sailing down the Mystic river to Boston Harbor). Those traders who were not part of the Bostonian clique, such as John Cleve Green and Abiel Low of New York were almost seen as foreigners in a strange land.

Ralph Nader Blasts Harvard Law School for Serving “Corporate Crooks on Wall Street”

Would you be proud of representing the corporate crooks in Wall Street? What is the purpose of the Harvard Law School? Well, you know who knows what the purpose is? The corporate giants. They know exactly what the purpose of the Harvard Law School is. It’s to provide endless relays of lawyers who service their interests. Harvard Law is not an institution that provokes any kind of consternation or fear among the power structure, just the opposite. It’s an institution, and I’ll get around to the exceptions. On the whole, it’s an institution that rationalizes corporate power brilliantly, services corporate power brilliantly with its graduates and some of its departments here. – Ralph Nader during a recent speech at Harvard Law School Ralph Nader is a Harvard Law School graduate. Here’s what he had to say about the institution’s shameless decay into the worship of greed and cronyism.

MONEY LAUNDERING

2010 LINDA MINOR WROTE

Certain families from Essex County near Boston, whose wealth came primarily from trading in slaves and opium in the 18th and early 19th centuries, tried to hide the taint of dirty money by donating huge sums of it to Harvard College.

So grateful was the college that it elected the donors to the board of trustees beginning soon after the conclusion of the War of 1812.

The charter of the Harvard Corporation also gave these board members the authority to choose successors to replace members of the board who died or resigned, so that their long-practiced habit of laundering drug money through the university system survives until the present day.

8th Century college donor Isaac Royall, who as well as establishing the college's first professorship in law, was a notoriously brutal slaveholder. Isaac Royall, whose money helped to endow the university, has been accused of burning slaves alive. Although he was apparently sympathetic to the Patriot cause, Isaac’s wealth was based on his strong ties to powerful Loyalist families and the English crown. He left Medford three days before the battle of Lexington and, failing to secure passage to Antigua, sailed to Nova Scotia where he remained for a year. He then joined his daughters’ families in England, where he died of smallpox in 1781.
Harvard Law School was, after all, founded with the money from the sale of over 100 Antiguan enslaved people by the Royall family.
To this day, the Royall family crest is the seal for Harvard Law School, and their legacy of white supremacy drips from every corner of the campus, like the blood of the 77 enslaved people murdered after a slave revolt on the Royall plantation. The Royall House and Slave Quarters sits on property purchased in 1732 by <SLAVER> Isaac Royall Senior (1672-1739). He became a merchant mariner and at 28 established a sugar cane plantation on the West Indies island of Antigua. Trading in sugar, rum, and SLAVES, he amassed a great fortune. Following Isaac Royall Senior’s death in 1739, his son inherited the immense estate at the age of 20. Isaac Royall Junior was a Royalist. A bequest in Royall’s will was used by Harvard to establish its first professorship of law.

HARVARD ENDOWMENT ESTABLISHED WITH DRUG PROFITS

After Judge John Lowell was selected to Harvard's Board, he continued to pour money into that school's coffers, and was rewarded in return. From then until 1943, there was only one decade in which a Lowell was not among the half-dozen or so board members. His son, John Lowell, attended his first meeting of the Harvard board April 17, 1810, at the home of the board chairman, Theophilus Parsons. [Source: Greenslet, Ferris, The Lowells and their Seven Worlds, Boston: Houghton, Mifflin, (1946), pp. 75-76.]

Judge Parsons was aptly characterized by a faculty member: "Our college .... is under the absolute direction of the Essex Junto, at the head of which stands Chief Justice Parsons,.... a man as cunning as Lucifer and about half as good. This man is at the head of the Corporation.'' [Source: Quoted in Zechariah Chafee, Jr., "Theophilus Parsons," Dictionary of American Biography.]

The Cabot name has been almost as closely associated with control of the Harvard Corporation as the Lowells. The Cabot family, who were involved in the shipping trade, established their fortunes during the war years of 1776-1783 as eminently successful privateers. One author stated: "The Cabots provided America with more privateers than any other family."
[Source: Leon Harris, Only to God: The Extraordinary Life of Godfrey Lowell Cabot (New York: Atheneum, 1967), p. 6]

George Cabot's uncle Francis married the sister of Richard Clarke, of Clarke and Sons--the British East India Company agents whose tea was dumped in Boston harbor. [Source: Briggs, Vernon L., History and Genealogy of the Cabot Family, 1475-1927, privately printed, Boston, 1927, Vol. I, p. 196.].

George Cabot's wife was also his double-first-cousin, Elizabeth Higginson, while Stephen Higginson's daughter, Sarah, was the wife of Judge John Lowell. Interestingly, it was some of these same families who were also involved in setting up an endowment at Yale College.
In 1823, Samuel Russell established Russell & Company for the purpose of acquiring opium in Turkey and selling it to China. Forced out of the lucrative African slave trade by U.S. law and Caribbean slave revolts, leaders of the Cabot, Lowell, Higginson, Forbes, Cushing and Sturgis families had married Perkins siblings and children. The Perkins opium syndicate made the fortune and established the power of these families. By the 1830s, the Russells had bought out the Perkins syndicate and made Connecticut the primary center of the U.S. opium business. Massachusetts families (Coolidge, Sturgis, Forbes and Delano) joined Connecticut (Alsop) and New York (Low) smuggler-millionaires under the Russell auspices.

HARVARD BUSH CONNECTION

BUSHWHKED: ACHUD Fraud, Spooks and the Slumlords of Harvard

by Uri Dowbenko

EXCERPT: The Harvard-Bush Connection

Since historically the Chinese Opium Trade and the African Slave Trade have provided the financial foundation for the Boston "Bluebloods," it should come as no surprise that the Harvard Endowment Fund and the Harvard Management Corporation are involved in what can be characterized as shady enterprise at best -- or criminal activity at worst. In 1989, the Harvard Endowment Fund, became the 50% owner of HUD subsidy (Section 8) and non-subsidy apartment buildings through its purchase of NHP, an apartment management firm, headed by Roderick Heller III.

Since their plan was to do an Initial Public Offering (IPO) or a merger for NHP, they tried to run up the value by aggressive acquisition of more apartments, preferably with HUD issued mortgage insurance which could be defaulted on -- with little or no consequence. Unfortunately for Harvard, HUD had initiated its new open-disclosure and performance-based auction under the direction of Hamilton Securities. When the private market firms battled it out, Harvard was outbid by GE, Goldman Sachs and Black Rock and its sour grapes apparently turned to vengeance.

In 1996, according to Fitts, Rod Heller told her that the government had a "moral obligation" to him and his investors (Harvard Endowment) to renew or roll over the subsidies with them to maintain their profits. In other words, an open auction-free marketplace was not acceptable to the Harvard Boys, since they were operating their business of HUD-backed corporate welfare-subsidies under what Heller claimed was "an understood handshake." The HUD portfolio of distressed properties had traditionally been managed to derive profits for private business -- like Harvard Endowment Fund -- and not the US taxpayers. Since Harvard was used to rigging profits through politics, not fair business practices, it started losing income because there were less management fees and the value of its stock started going down. </SNIP>

2016 If You Disagree With This Harvard Economist You May Be Stupid And A Racist

Shocked by the inexplicable realization that Americans are stubbornly unwilling to bow down and blindly accept the political and economic views of the educated elites in this country, Harvard Professor Gregory Mankiw recently took to the New York Times to pen an op-ed where he concluded that the only possible reason for the lack of conformity to his point of view is the stupidity and racism of the electorate.
In summary, Professor Mankiw concludes that "...isolationist, nationalist, ethnocentric worldview is related to one’s level of education...the more years of schooling people have, the more likely they are to reject anti-globalization attitudes." So if we understand Professor Mankiw correctly, we disagree with him because we're stupid, and because we're stupid we're also necessarily racist. Got it.

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Ralph Nader Blasts Harvard Law School for Serving “Corporate Crooks on Wall Street”

MONEY LAUNDERING