Sunday, March 26, 2006

William Huntington Russell

William Huntington Russell - Wikipedia



W. H. Russell's second cousin was Samuel Russell, the head of the Middleton Russell family who in 1823 founded Russell and Company with the explicit purpose of drug running opium into China despite a prohibition there. Opium running was key to the Russell family fortune, though their political prominence within the State of Connecticut and Yale was already pronounced from the early 1700s.

Samuel Russell founded Russell and Company in 1823 (1823-~ca.1890s) with the intent of smuggling Turkish opium into China. By 1829-30, Samuel Russell had by hook and crook consolidated and bought out Perkins and Co.’s previous and parallel Turkish opium contraband operations into China, which had been in existence since 1789. Perkins and Co. gained the first lucrative criminal virtual monopoly of their own, before Russell and Company’s competitive and more cutthroat interest in consolidating the opium trade under their aegis instead. Russell and Co. took over the American side of the opium smuggler monopoly and integrated Perkins and Co. drug running families into itself as well.

They ‘sourced’ staff only from large extended family intermarriages for hires which included outside banking dynasties. They both money laundered their drug profits in London banks, instead of the U.S.

Thus the opium trade, Skull and Bones, and even Puritanical Yale College were started as embedded in Russell family operations. Particularly for the opium trades, ‘sourcing’ and ‘upbringing’ for trustworthy operators required worldly and knowledgeable contraband runners. Yale would train the people they could trust. Skull and Bones would train people they could trust.

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