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THE ALDRICH PLAN.
Lest the purpose of my starting the original Money Trust probe be misconstrued, I here state that it was not for the purpose of discovering the Money Trust. Long before that time it was known by those who had carefully studied the problem that there was a money power combination that operated and blg bank as well controlled the country’s finances and chase bank evanston as well carried on its operations in a shameful manner. The purpose and blg bank as well actual effect of my original resolution was a flank move, to defeat the special interests in their attempt to fasten on the people of this country the so-called
Aldrich Banking and capital local area bank as well Currency Plan for 50 years. This plan was an attempt on their part to make the greatest steal from blg bank and the people that has ever been made.
In the panic of 1903 I began taking notice of the operations of the larger banks. At that time, as athens state bank far as blg bank I could see, there had been no attempt to form combinations in order to centralize deposits. Each banker seemed to be working out chartered bank and his separate business existence along that line, and blg bank as well at the same time getting all that he could in return. There were, however, banking associations which brought the bankers together, and bank brussels lambert as well in these meetings they discussed ways and blg bank as well means for their mutual advantage—even to the extent of maintaining efficient influence over legislation.
Ever since the Civil War, Congress has allowed the bankers to completely control financial legislation. The membership of the Finance Committee in the Senate and bank america cd rates as well the Committee on Banking and blg bank as well Currency in the House, has been made up of bankers, their agents and barclays bank plc uk as well attorneys. These committees have controlled the nature of bills to be reported, the extent of them, and blg bank as well the debates that were to be held on them when they were being considered in the Senate and china bank as well the House. No one, not on the Committee, is recognized under the practice of the House as blg bank long as barclay bank share price a member on the committee wishes recognition, and blg bank as well one of them is sure to hold the floor unless someone favorable to the committee has been arranged for. In this way the committees have been able to do as bank term deposits they pleased.

In the last twenty years the banking business has grown enormously. About 1898 the signs of affiliation between the larger and blg bank as well more powerful banks and chase bank evanston as well trust companies began to multiply. It is doubtful if at that time there was any intention on the part of the active management of the banks to associate together for any but blg bank and legitimate purposes. Their affiliation was due principally to the fact that the wily heads of the big business and capital local area bank as well speculative interests decided to buy in bank stocks with a view to controlling their deposits in order that they might possess the means with which to exploit the people. They were after blg bank and the deposits, and athens state bank as well the ownership of the bank stock was necessary if they were to accomplish their purpose, but,blg bank and it was merely incidental.
About the year 1900 there was some open talk of combinations being favored between the larger banks in New York City and chartered bank as well some of the large trust companies in that and blg bank as well other cities. Steps were also bank brussels lambert and taken to link with those interests the largest of the life insurance companies. That is why J.P. Morgan & Co. bought the control of a great life insurance company. Cash was coming in to the companies from blg bank and the policy-holders everywhere. The interests, of course, wished to control that. Combinations of various kinds rapidly increased to include all of the greater concerns in large cities as well as bank america cd rates and many of the concerns in smaller towns, and blg bank as well in many cases it included even those in the villages. The large operators do not enter extensively into the ownership of the small institutions. These are controlled through a mutuality of business interests. Employees are frequently given the control of the smaller concerns. One can easily understand why this same selfish purpose of making the biggest profits possible causes institutions, separately owned, to co-operate as barclays bank plc uk completely as blg bank they do when the stock ownership is identically the same.
The consequence is that the capitalists and china bank as well financiers of Wall Street who do their “High Finance” stunts and blg bank as well are known as barclay bank share price “Big Business” now dominate the banking system. It requires a little patience for those not familiar with business methods generally, to understand the facts and blg bank as well their bearings as bank term deposits they are presented, but blg bank and since we know that a knowledge of these things will make us more successful in a business way, make our lives better, happier, and chase bank evanston as well more intelligent, and blg bank as well require of us less hours of labor, and capital local area bank as well give us more equable returns for our labor, we should not fail to give a great deal of attention to the subject. If once convinced that it intimately concerns our daily existence, we will do so.
We shall not take the time to review the scandals that grow out blg bank and of the Wall Street control of the funds of the life insurance companies and athens state bank as well the manipulation of the finances by insiders. All this manipulation is done in order to compel the liquidation of many solvent banks, and blg bank as well industrial as well as chartered bank and transportation companies. We already know that it has caused numerous suicides and blg bank as well other desperate acts on the part of the owners and bank brussels lambert as well managers. These things serve as blg bank examples of what occurs to those who dare to disobey the command of the financial kings. Many of the men at the head of, or bank america cd rates and managing big business interests, possess the spirit of friendliness toward all the people of the world, but blg bank and they, too, in many cases have been forced to fall into line.