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The members of the Order of Skull & Bones, true to their firm belief in "constructive confusion," have intentionally allowed a series of conflicting mythologies to spring up about the origins and history of their secret fraternity. According to one version of the Order's founding, it was an outgrowth of an earlier British or Scottish freemasonic grouping first established at All Soul's College at Oxford University in the late 17th century. Another version of the history of Skull & Bones is that it grew out of the German "nationalistic" secret .societies of the early 19th century. Still a third explanation is that Skull & Bones is an uniquely American institution which adopted some of the rituals of European freemasonry, but molded these rituals and beliefs into a new form.
Regardless of these conflicting accounts, it can be stated with certainty that the Order was first established on the Yale campus in 1832 It was officially incorporated only in 1856 under the name Russell Trust Association. According to virtually all the available biographical data on its early members, the money required to sustain the secret order's campus affairs and its broader role in placing its members into key positions of influence upon their graduation from Yale, derived from the opium trade in the Far East. That trade was set up by the British East India Company and was flourishing by the time the Treaty of Paris was signed in 1783 ending the American War for Independence. The East India Company during this period was controlled by the Baring Brothers Bank (Toward the closing decades of the 17th century, the British House of Rothschild would supplant the Baring Brothers as the controlling financial interests in the China opium trade.
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