Owen Galloway of Indiana.
The Galloway Trust is a legal trust created as part of the Galloway Plan by North American Motors President Owen Galloway and his brothers and sisters for the purpose of subsidizing emigration within and from the Confederation of North America. Galloway announced the forthcoming creation of the Galloway Trust on 25 December 1922 in the course of the Galloway speech.
The Galloway Trust was capitalized at N.A. £100 million, in the form of securities of N.A.M. and other large corporations. The dividends and interest were to be used for the purpose of helping those who desired to relocate, whether in other parts of the C.N.A., the United Empire, or elsewhere. Transportation overseas was provided by ships owned by N.A.M. Each emigrant was also provided with sufficient capital to make a new start after relocating.
The Galloway Trust was established in February 1923. Although Sobel does not discuss the amount of funds involved, he does note that from 1923 to 1970 the Galloway Trust provided assistance to over a million North Americans who left the country, and over five million who relocated within the C.N.A.
Sobel's source for the Galloway Trust is Lewis Sayers' The Galloway Plan: The Modern Moses (New York, 1966).