The NYT published an opinion piece in 1934 calling it a hoax, but Smedley Butler testified to the McCormack-Dickstein Committee, and the committee's final report on the matter read:
I think that there WAS a real plot? Just not a terribly effective one? But that's kind of OPs point I guess because I'm totally not sure! I haven't read about it.
It’s similar to the Mountbatten Coup plot in ‘68 during the Wilson administration - angry people sat around a table, talked, and realized that it can’t happen when they put feelers out.
something probably happened; it was the provenance of weird freaks. now that's not exactly reassuring these days - but it was weird freaks with no real power to do anything.
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