OK, founded may be harsh but they were a tool of big capitol.
Just google Gen. Smedley Butler, American Legion
"The New York Times reporting gradually faded away and finally disappeared. Fortunately, enough information has since surfaced to demonstrate that the Butler Affair or the Plot to Seize the White House is an integral part of our story of FDR and Wall Street.
GRAYSON M-P. MURPHY COMPANY, 52 BROADWAY
The central figure in the plot was Major General Smedley Darlington Butler, a colorful, popular, widely known Marine Corps officer, twice decorated with the Congressional Medal of Honor and a veteran of 33 years of military service. General Butler testified in 1934 to the McCormack-Dickstein Committee investigating Nazi and Communist activities in the United States that a plan for a White House dictatorship was outlined to him by two members of the American Legion: Gerald C. MacGuire, who worked for Grayson M-P. Murphy & Co., 52 Broadway, New York City, and Bill Doyle, whom Butler identified as an officer of the American Legion. General Butler testified that these men wanted to "unseat the Royal Family in control of the American Legion at the Convention to be held in Chicago, and
very anxious to have me take part in it." A scheme was outlined to General Butler: he was to come before the convention as a legion delegate from Honolulu; there would be two or three hundred American Legion members in the audience; and "these planted fellows were to begin to cheer and start a stampede and yell for a speech, then I was to go to the platform and make a speech."
The prepared speech was to be written by Morgan associate John W. Davis. To prove his Wall Street financial backing, MacGuire showed General Butler a bank book listing deposits of $42,000 and $64,000 and mentioned that their source was Grayson M-P. Murphy, director of Guaranty Trust Company and other Morgan-controlled companies. A millionaire banker, Robert S. Clark, with offices in the Stock Exchange Building at 11 Wall Street, was also involved.
Robert Clark was incidentally known to General Butler from his China campaign days. MacGuire and Doyle also offered Butler a substantial sum to make a similar speech before the convention of the Veterans of Foreign Wars at Miami Beach. According to MacGuire, his group had investigated the background of Mussolini and Italian fascism, Hitler's organization in Germany, and the Croix de Feu in France and hinted that it was time to establish a similar organization in the United States. General Butler testified to the Congressional committee about MacGuire's statement in the following words:
He said, "The time has come now to get the soldiers together."
"Yes," I said, "I think so, too." He said, "I went abroad to study the part that the veteran plays in the various set-ups of the governments that they have abroad. I went to Italy for 2 or 3 months and studied the position that the veterans of Italy occupy in the Fascist set-up of Government, and I discovered that they are the background of Mussolini. They keep them on the pay rolls in various ways and keep them contented and happy; and they are his real backbone, the force on which he may depend, in case of trouble, to sustain him. But that set-up would not suit us at all. The soldiers of America would not like that. I then went to Germany to see what Hitler was doing, and his whole strength lies in organizations of soldiers, too. But that would not do. I looked into the Russian business. I found that the use of the soldiers over there would never appeal to our men. Then I went to France, and I found just exactly the organization we are going to have. It is an organization of super soldiers." He gave me the French name for it, but I do not recall what it is. I never could have pronounced it, anyhow. But I do know that it is a super organization of members of all the other soldiers' organizations of France, composed of noncommissioned officers and officers. He told me that they had about 500,000 and that each one was a leader of 10 others, so that it gave them 5,000,000 votes. And he said, "Now, that is our idea here in America—to get up an organization of that kind."2"
http://www.reformation.org/wall-st-fdr-ch10.html
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