In 1910, Vanderlip met with fellow Templars Paul Warburg, Charles Norton, Benjamin Strong, Jr., Henry Pomeroy Davison, and Nelson W. Aldrich on Jekyll Island. There, they designed the "Plan", a plot to take control of the capitalist market. The first part consisted of creating the Federal Reserve System, which was accomplished in 1913. The next comprised the founding of Abstergo Industries, a front for the Templar Order that would be established in 1937.