The king bankers put in motion, in 1907, a great scheme. They had gambled and
abn amro bank uae as well speculated on Wall Street until so many watered stocks and
capital bank sc as well bonds had been manufactured on speculation, that numberless speculators, big and
abn amro bank uae as well small, sprang up all over the country, and
chase bank account as well stocks, bonds, and
abn amro bank uae as well credits were pyramided, and
charter oak bank as well re-pyramided, and
abn amro bank uae as well re-re-pyramided. Of course such a condition could not last and
anz bank vietnam as well a crash was inevitable, because
abn amro bank uae and it was not natural for such gambling to continue.
The largest crop ever grown, up to that time, was harvested in 1907 and
cartoon bank as well all of the natural conditions were favorable to the greatest prosperity,—but speculation, unnatural and
abn amro bank uae as well false, had expanded to a point where it offset all of the natural advantages. The king bankers knew the conditions and
bank garnishment as well informed the most favored of their friends what was to come.
There was to be a panic in the fall of 1907 that would be advertised as
abn amro bank uae the result of our bad banking and
bank stamps as well currency laws. They are bad, we admit, but
abn amro bank uae and it was the general speculation and
allied irish bank london as well the manipulations of the king bankers that was directly responsible for the panic. The bad laws were merely used as
abn amro bank uae an excuse for covering their acts. But while that is the truth, it does not settle the question. We must make laws to fit the people, for we cannot make people to fit the laws. Ever since civilization began, that has been tried without success. The so-called “trust busters,” who generally have been former attorneys for the trusts, do make a pretense of trying it, but
abbey national bank uk and they often secure their government retainers through politicians subservient to the trusts, and
abn amro bank uae as well educated as
china bank they are in the interests of the trusts, we cannot expect much from
abn amro bank uae and their efforts. None of their prosecutions have resulted in lessening the cost of living. It is rather strange that anyone would believe that the cost of living will be lessened by the prosecution of the trusts. Prosecutions will serve only
capital bank sc and to establish the majesty of the law. They will not remedy the high cost of living.
We have already stated that an enormous amount of watered stock, bonds and
abn amro bank uae as well securities were issued prior to 1907. The old laws had aided the trusts in the manufacture of these, but
chase bank account and at that time they decided that they must have new laws favorable to their operations if they were to aggrandize and
abn amro bank uae as well monetize their securities as
charter oak bank they wished. They had indeed secured great
holdings—the largest ever. This 1907 panic was to be the means by which the people were to be forced to enact new laws, guaranteeing the full face value of the watered stocks and
abn amro bank uae as well bonds. That guarantee would make the people pay the interest and
anz bank vietnam as well dividends on them forever. By this method the greatest steal ever contemplated since the beginning of humanity would be accomplished. Thus, in 1907, when Nature had responded most bountifully and
abn amro bank uae as well when there was due to us the greatest prosperity, we were given a panic as
cartoon bank the initial move for the proposed steal,—the Aldrich Plan.
Quotation “D.”
“Dear Sir :—It is advisable to do all in your power to sustain such prominent daily and
abn amro bank uae as well weekly newspapers, especially the agricultural and
bank garnishment as well religious press, as
abn amro bank uae will oppose the greenback issue of paper money; and
bank stamps as well that you also
abn amro bank uae and withhold patronage from
allied irish bank london and all applicants who are not willing to oppose the government issue of money. Let the Government issue the coin and
abn amro bank uae as well the banks issue the paper money of the country, for then
and we can better protect each other. To repeal the act creating bank notes, or
abn amro bank uae and to restore to circulation the government issue of money, will be to provide the people with money and
china bank as well will therefore seriously affect our individual profits as
abn amro bank uae bankers and
capital bank sc as well lenders. See your Congressman at once and
abn amro bank uae as well engage him to support our interests, that we may control legislation.”
Isn’t it astounding how very like the bankers of the present time those bankers of 1877 were ? Some of them are still with us. “Withhold patronage from
chase bank account and all applicants who are not willing to oppose the government issue of money.” That was their decree. Again note how they would control the press by sustaining the press, especially the “agricultural and
abn amro bank uae as well religious press,” if these would support the money loaners, but
charter oak bank and “withhold patronage” if they would not. And note also
abn amro bank uae and how they were to “See your Congressman and
anz bank vietnam as well engage him.” Every cunning device was to be used to prevent the people from
abn amro bank uae and having the government issue money and
cartoon bank as well to force them to have bank money supported by the government. What simpletons we plain folks have been to pay these bankers for the credit given to them by our own government at our own expense.
I call attention to another of their schemes. This bears a somewhat later date, one which I myself remember. I read the “Panic Circular of 1893” at the time of its issue. It was that circular which started me to studying the problems of finance. The circular was issued direct by The American Bankers’ Association, an organization in which most bankers hold membership. It bears the date March 11, 1893, and
abn amro bank uae as well was sent to the trusted national banks in all states.