A strange operation is the John D. and Catherine T. McArthur
Foundation, headquartered in Chicago.
It was founded by him. At one time, its sole asset was stock in
his insurance company, called Bankers Life & Casualty, which he
Because of the insurance industry muscle, and the foundation's
clout, little is ever said about the insurance operation or the
foundation. From 1935, Bankers Life specialized in cheap health
insurance policies, later going into "cheapo" life insurance.
McArthur called state insurance regulators "petty bureaucrats."
One author contended McArthur may have bribed state insurance
inspectors not to look into his books.
Critics called such insurance coverage "steamboat policy." Your
beneficiaries could collect *only* if you were run over by a
steamboat on Michigan Boulevard. Others call them "jackass and
highway insurance." You could collect only if you were kicked in
the head by a mule on a major expressway -- 10 eyewitnesses had
to so swear, on oath. Now don't laugh. At one time the *Chicago
Tribune* sold such ridiculous insurance policies to its
At one time or another, various "hot shots" have been directors
of the McArthur Foundation, including Edward Levy, once head of
the University of Chicago, later U.S. attorney general. Also
William E. Simon, former Secretary of the Treasury and big dealer
in buying up washed-out savings and loan associations. (By the
way, is he involved in the CIA and S&L scandals, huh?)
Another director has been proto-fascist radio commentator, Paul
Harvey. Of course, few notice that a major sponsor of his
propaganda blasts has been Bankers Life & Casualty.
John McArthur's son once contended in court that the foundation
directors were mishandling millions of dollars of charitable
funds. J. Roderick McArthur's death, however, stopped the lawsuit
against the directors.
Through huge grants, the foundations manipulate activists all
over -- including scientists, historians, and writers. Along with
a Rockefeller front, the foundation bought out *Harpers
Magazine*, which formerly much criticized, on occasion, major
Some researchers have smiled to themselves: "Hmmm... The McArthur
Foundation seems to operate very much like those set up by the
Central Intelligence Agency." For example, the McArthur
Foundation is a heavy money bags for public television, including
channel 11 [PBS] in Chicago. (By the way, another manipulator of
channel 11 is the reputed CIA-linked William Benton Foundation, a
functionary of which is talk show circus whip-cracker, John
The IRS and the Illinois state attorney general are supposed to
keep a close watch on tax-free operations like the McArthur
Foundation. *But*, it's easy to look the other way. As Illinois'
highest legal officer, attorney general Neil Hartigan was charged
with monitoring such "charitable" trusts. Instead, he helped
cover up charges of the director's outrageous conduct. Over the
years, various state and federal officials have suppressed data
about mysterious operations like the McArthur Foundation.
Tax-free moneyships are a perfect vehicle for covert operations.
Footnote: McArthur's son, Roderick, was involved with George
DeMohrenschildt and others in the plot to assassinate President
In their December 21st, 1985 issue, the *Nation* magazine charged
that the McArthur Foundation manipulated their tax exemption.
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