Finance, as well as politics, was of paramount concern to many club members. J.P. Morgan could create or quell economic panics on Wall Street with the financial resources at his personal command. George Baker, head of the First National Bank of New York, and James Stillman, head of the National City Bank of New York, also members of the Jekyll Island Club, were nearly as wealthy as Morgan. In 1907 when a particularly virulent economic panic caused a run on the banks, one of these three men paved the way for a secret meeting on Jekyll. Traveling under assumed names, Senator Nelson Aldrich, four other bankers of national importance, and the Assistant Secretary of the Treasury made their way to Jekyll posing as duck hunters. Meetings the following week led to the development of the Aldrich Plan, which called for a centralized banking structure for the country. Although Congress did not pass the plan in 1912, President Woodrow Wilson and others used the Aldrich Plan as the basis for another plan that became the Federal Reserve Act, establishing the Federal Reserve System.
We have enjoyed the beauty of the island, going bike riding the last couple of days. We are going to anchor out tomorrow somewhere halfway between Jekyll and Savannah. We plan to be in Savannah on Sunday. Looking forward to touring and maybe having a mint julep and some boiled peanuts!
|We added a new sign|
|Leaving Jacksonville after going under the railroad bridge|
|Entering the St Mary's River with the Coast Guard watching|
|The Napoleon Bridge leaving Jacksonville|
|At Jekyll Island and an air boat going by|
|They have twenty miles of bike trails on Jekyll Island, here is Jan heading to the Historic District|
|For the rich and famous|
|This is the original Club House of the Rich and Famous, I was told you can spend the night in the tower room for only $500.00 a night|
|They added on the addition to the original Club House on the right|
|This was over the fireplace in the original Club House|
|This is one of the cottages on the property of private club|
|The owner of the house above.|
|Most of the rich and famous had yachts to bring them to the island|
|We were sitting in the restaurant having a drink and if you look real hard you can see the marina|