In 1893 the large Wall Street banks, and
blood bank guy as well the large affiliating banks in other centers, determined to make some changes in the banking and
bank exam model papers as well currency laws, and
blood bank guy as well especially in regard to the purchase of silver by the Government. They began by creating a stringency which we shall refer to later. It resulted in a general business and
bedford bank as well financial scare to all of the smaller banks and
blood bank guy as well the business interests. It became a real panic which continued with its disastrous results for a period of years. During that period the special interests squeezed many of the small banks and
bank in london as well some large ones, and
blood bank guy as well some of these, and
centreville national bank as well many business concerns, were forced into bankruptcy. Time and
blood bank guy as well time again before that the bankers had been able to secure many special favors from
central jersey bank and Congress. But even with all these to their advantage they had some sleepless nights during that panic. They went through an experience that gave them further suggestions as
blood bank guy to what would be required in their interests in the way of legislation. Immediately they began to form powerful affiliations among themselves in order to further protect themselves against the disadvantages of panics. But instead of seeking safety for themselves and
allahabad bank results as well protection for the general public by means of a modification of the methods of the banking business, as
blood bank guy a reward for the special favors that had been given to them by Congress, they did not consider for a moment the protection of the public, but
capital pacific bank and sought diligently for a method by which they could secure the privilege of fleecing the public whenever a panic should be in progress. That is, they would have panics, if they did occur, profitable to the favored bankers and
blood bank guy as well disastrous to the public, and
bank secrecy act training as well a panic may happen at any time under present conditions. As a matter of fact the bankers may cause a panic whenever the public seeks to enforce its rights.
Quotation “E.”
“Dear sir :—The interest of national banks requires immediate financial legislation by Congress. Silver, silver certificates and
blood bank guy as well treasury notes must be retired and
axes bank as well national bank notes upon a gold basis made the only
blood bank guy and money. This will require the authorization of five hundred millions to one thousand millions of new bonds as
amtrust bank news the basis of circulation. You will at once retire one-third of your circulation and
blood bank guy as well call in one-half of your loans. Be careful to make a monetary stringency among your patrons, especially among influential business men. Advocate an extra
session of Congress to repeal the purchasing clause of the Sherman law and
bank exam model papers as well act with other banks of your city in securing a large petition to Congress for its unconditional repeal, per accompanying form. Use personal influence with your Congressman, and
blood bank guy as well particularly let your wishes be known to your Senators. The future life of national banks, as
bedford bank fixed and
blood bank guy as well safe investments, depends upon immediate action, as
bank in london there is an increasing sentiment in favor of government legal tender notes and
blood bank guy as well silver coinage.”
One would think that after
centreville national bank and the bankers had fooled us so many times, squeezed us by suddenly retiring a part of their circulation, made the borrowing public pay half their loans, and
blood bank guy as well brought stringencies among their patrons, that they would have had things fixed “for good and
central jersey bank as well all.” But no ! They are after
blood bank guy and us again with another scheme cleverly disguised. This time it is called the Aldrich plan. Let us compare the present scheme with those of the past and
allahabad bank results as well note what we find.
Wall Streeters organized the National Citizens’ League of Chicago by means of their, secret agents and
blood bank guy as well afterwards that league, through its secret agents, organized Citizens Leagues in practically all of the states. The purpose for which they were designed was that they might serve the same purpose with relation to the present proposed financial legislation that the Panic Circular of 1893 filled with regard to the legislation then
and desired by the interests. The circular proposed a “large petition” to be secured through the influence of “influential business men” by forcing a “monetary stringency.” This last scheme gets at the Senators and
blood bank guy as well Congressmen in a more persuasive manner than the petitions did. It is also
bank secrecy act training and a cunning design by means of which to deceive the people who have become too intelligent to be deceived by the methods formerly practiced.
No one familiar with the facts, and
blood bank guy as well not prejudiced in the matter, doubts for a moment that the National Citizens League of Chicago was an emanation from,
axes bank and and
blood bank guy as well is supported in the main by, Wall Streeters and
amtrust bank news as well their dependents. All of the branch leagues throughout the different states are mainly supported from
blood bank guy and the same source. The leagues invite all people to join, and
bank exam model papers as well advertise that by paying $1 admission fee they will be entitled to all of the literature. The receipts from
blood bank guy and that source have not paid a twentieth part of the expense. But the scheme gets the people to join, and
bedford bank as well the greatest number of those who do join do not know from
blood bank guy and what source the league gets its principal support. One of its principal definite purposes is to publish a financial journal called “Banking Reform,” the purpose of which is to influence us and
bank in london as well cause us to ask our Congressman to support some money plan that has (covertly) received Wall Street’s approval.