"In 1891, Rhodes organized a secret society with members in a "Circle of Initiates"
and an outer circle known as the "Association of Helpers" later organized as the Round Table organization. In 1909-1913, they organized semi-secret groups know as Round Table Groups in the chief British dependencies and the United States..

The Round Table Groups were semi-secret discussion and lobbying groups whose original purpose was to federate the English speaking world along lines laid down by Cecil Rhodes. By 1915, Round Table groups existed in seven countries including England, South Africa, Canada, Australia, New Zealand, India and the United States.

Money for their activities originally came from Cecil Rhodes, J.P. Morgan, the Rockefeller and Whitney families and associates of bankers Lazard Brothers and Morgan, Grenfell and Company.

The chief backbone of this organization grew up along the already existing financial cooperation running from the Morgan Bank in New York to a group of international financiers in London led by Lazard Brothers.

Lionel Curtis established in England and each dominion a front organization to the existing local Round Table Group. This front organization called the Royal Institute of Public Affairs, had as its nucleus in each area the existing submerged Round Table Group.

In New York, it was known as the Council on Foreign Relations and was a front for J.P. Morgan and Company in association with the very small American Round Table Group. The American organizers were dominated by the large number of Morgan "experts" including Lamont and Beer, who had gone to the Paris Peace Conference and there became close friends with the similar group of English "experts" which had been recruited by the Milner group. In fact, the original plans for the Royal Institute and the Council on Foreign Relations. In 1928, the Council on Foreign Relations was dominated by the associates of the Morgan bank. Closely allied with this Morgan influence were a small group of Wall Street lawyers whose chief figures were Elihu Root, John W. Davis, the Dulles Brothers, John J. McCloy...

...There does exist and has existed for a generation, an international Anglophile network which operates to some extent in the way the Radical Right believes the Communists act. In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so...

...It might be pointed out that the existence of this Wall Street Anglo-American axis is quite obvious once it is pointed out. It is reflected by the fact that such Wall Street luminaries such as John W. Davis, Lewis Douglas, [John] Whitney and Douglas Dillon were appointed to be American ambassadors in London."