Frank Anstey

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The Money Power! It is the greatest power on Earth; and it is arrayed against Labour. No other power that is or ever was can be named with it.... It attacks us through the press – a monster with a thousand lying tongues, a beast surpassing in foulness any conceived by the mythology that invented dragons, wehr wolves, harpies, ghouls and vampires. It thunders against us from innumerable platforms and pulpits. The mystic machinery of the churches it turns into an engine of wrath for our destruction.

The Brisbane Worker [4]

In 1914 Australia, under the Labor government of Andrew Fisher, entered the First World War on the side of Britain. Anstey was one of the few Labor members who opposed the war from the start, and as a result he was highly unpopular for a time. By 1917, however, anti-war sentiment was growing and Anstey became one of the leaders of the movement against conscription for the war. [1]

Frank Anstey Frank Anstey - Johnstone, O'Shannessy & Co.jpg
Frank Anstey

Anstey published a book called The Kingdom of Shylock, in which he described the "money power" which he said controlled and manipulated capitalism from behind the scenes. "London is, so far, the web centre of international finance," he wrote. "In London are assembled the actual chiefs or the representatives of the great financial houses of the world. The Money Power is something more than Capitalism. These men constitute the Financial Oligarchy. No nation can be really free where this financial oligarchy is permitted to hold dominion, and no 'democracy' can be aught but a name that does not shake it from its throne."

Anstey described this system as the "Black Masonic Plutocracy": "These men constitute the Financial Oligarchy, this group of speculators properly designated and distinguished as the Money Power, controls the whole mechanism of exchange, and all undertakings in the field of industry are subject to its will and machinations. It wields an unseen sceptre over thrones and populations, and bloody slaughter is as profitable to its pockets as the most peaceful peculation."

Front cover of The Kingdom of Shylock, an antisemitic pamphlet by Frank Anstey as M.P. The Kingdom of Shylock.jpg
Front cover of The Kingdom of Shylock, an antisemitic pamphlet by Frank Anstey as M.P.

"In The Kingdom of Shylock Anstey identified the leaders of the "money power" in London as a group of private financiers associated with the circles of the Morgan family in the United States. "After Medina came the Jew, Manasseh Lopes," Anstey wrote. "Then came Samson Gideon and the Goldsmids – Abraham and Benjamin. They were succeeded by the Rothschilds."

The fact that some of Anstey's prominent targets were Jewish has caused critics to accuse him of anti-Semitism. The Australian labour historian Peter Love writes: "The anti-Semitism in The Kingdom of Shylock was no aberration. It arose from the logic of his [Anstey's] analysis combined with the cultural tradition of which he was a part. The vulgarities of Christian mythology had built up an accretion of hatred and suspicion towards Jews over many centuries. The resulting stereotype of the greedy and cunning Jewish financier was a commonplace convention in the writings of British radicals and American populists. It was also a persistent theme among Australian labour radicals. [5]

In 1922 Anstey became Assistant Leader of the ALP in the House, a post he held until 1926. [6]

An early photograph of Frank Anstey Frank Anstey.jpg
An early photograph of Frank Anstey

Scullin Government

Anstey in 1939 Portrait of Frank Anstey nine months before his death.jpg
Anstey in 1939

Following Labor's win at the 1929 election, Anstey became Minister for Health and Minister for Repatriation in the government of Prime Minister James Scullin. But Scullin's government soon fell victim to the Great Depression. Anstey supported the Premier of New South Wales, Jack Lang, who advocated repudiating Australia's debts to British bondholders (see debt moratorium) and using the funds to create employment in order to increase production. This may be compared to Franklin D. Roosevelt's "New Deal." In March 1931 Anstey was dumped from the Ministry by the Labor Caucus for supporting the "Lang Plan". [1]

Despite this, Anstey did not follow Lang out of the Labor Party. Demoralized and cynical, he stayed on the backbench until his retirement at the 1934 election, when he and his wife moved to Sydney. After his wife's death he moved back to Melbourne, where he died of cancer. [1] Ironically, he had devoted his last years to financial speculation and had become a wealthy man.


Anstey is principally remembered as the mentor of John Curtin, on whom he had a great influence in Curtin's early years. Like Curtin, he was a heavy drinker. He wrote extensive unpublished memoirs, but burned them shortly before his death. It is often rumoured that he burned them in a drunken rage, but this is unsubstantiated. Frank Hardy wrote in his book The Hard Way that Frank Anstey received a visit from John Wren (immortalised as "John West" in Hardy's other book Power Without Glory ), who asked Anstey to eradicate any reference to him in Anstey's memoirs, to prevent them from becoming an exposé of Wren's gambling empire.

Anstey railway station in Melbourne was named in Anstey's honour.

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Frank Anstey
Frank Anstey 1929 (cropped).jpg
Anstey in 1929
Minister for Health
In office
22 October 1929 3 March 1931
  1. 1 2 3 4 5 Turner, Ian (1979). "Anstey, Francis George (Frank) (1865–1940)". Australian Dictionary of Biography . Melbourne University Press. ISSN   1833-7538 . Retrieved 12 January 2008 via National Centre of Biography, Australian National University.
  2. "Frank Anstey: Labor's First MP in Brunswick". Brunswick Labor Net. Archived from the original on 13 May 2008. Retrieved 12 January 2008.
  3. "Victorian Politics". Kalgoorlie Western Argus. Trove, National Library of Australia. 7 October 1902. Retrieved 21 April 2013.
  4. "Editorial". The Brisbane Worker. 5 January 1907.
  5. P. Love, The kingdom of Shylock: a case study of Australian labour anti-semitism, AJHSJ, Vol. 12 (1) 1993, pp. 54–62.
  6. "Labour Pioneer Dies". The Argus. Trove. 2 November 1940. Retrieved 21 April 2013.
Victorian Legislative Assembly
Preceded by
William Thomas Reay
David Methven
Member for East Bourke Boroughs
Served alongside: Frederick Hickford (1902–03)
David Methven (1903–04)
District eliminated
New title Member for Brunswick
Succeeded by
Parliament of Australia
Preceded by Member for Bourke
Succeeded by
Political offices
Preceded by Minister for Health
Succeeded by
New title Minister for Repatriation