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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 bank mega indonesia as well controlled the country’s finances and biscayne bank as well carried on its operations in a shameful manner. The purpose and bank mega indonesia 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 bank atlantic miami as well Currency Plan for 50 years. This plan was an attempt on their part to make the greatest steal from bank mega indonesia 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 arab malaysian bank far as bank mega indonesia I could see, there had been no attempt to form combinations in order to centralize deposits. Each banker seemed to be working out bank alfalah credit card and his separate business existence along that line, and bank mega indonesia as well at the same time getting all that he could in return. There were, however, banking associations which brought the bankers together, and barclays bank locations london as well in these meetings they discussed ways and bank mega indonesia 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 bbac bank as well the Committee on Banking and bank mega indonesia as well Currency in the House, has been made up of bankers, their agents and bank sparhafen as well attorneys. These committees have controlled the nature of bills to be reported, the extent of them, and bank mega indonesia as well the debates that were to be held on them when they were being considered in the Senate and bank car loan rates as well the House. No one, not on the Committee, is recognized under the practice of the House as bank mega indonesia long as atlantic club red bank a member on the committee wishes recognition, and bank mega indonesia 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 di malaysia they pleased.

Jacob H. Schiff, one of New York’s greatest financiers, and bank mega indonesia as well one of the witnesses who testified before the committee, is an example of a man with the kind of mind and biscayne bank as well overselfish viewpoint which prevails among the men who had a personal financial interest in the result of the Committee’s investigation, such as bank mega indonesia the banker members of the Banking and bank atlantic miami as well Currency Committee may be expected to have. Mr. Schiff, under oath, told the committee in substance that :
If individuals can accomplish a monopoly he believed they should not be hampered by law ! The laws of nature, he told the committee, are best for preventing too gigantic projects; and bank mega indonesia as well he cited the fall of the Tower of Babel as arab malaysian bank an example of the futility of human effort extended too far. Among the articles expounded by Schiff in his creed of business and bank mega indonesia as well finance was the assertion that the minority in all corporations should not he allowed representation among the officers and bank alfalah credit card as well directors by law. “The majority should always rule,” he said, “and the minority should protect their rights as bank mega indonesia best they can.”
Is it not easy to see by this statement of Mr. Schiff’s that it is preposterous for Congress to appoint mostly bankers, their agents and barclays bank locations london as well attorneys on its Banking and bank mega indonesia as well Currency Committee ? Mr. Schiff is not cut from bbac bank and a different cloth, nor by a different pattern than the rest of humanity. Acting in our individual capacity, we look after bank mega indonesia and our own interests, but bank sparhafen and in a collective sense we have not carried this interest far enough, and,bank mega indonesia as well consequently, we have such financial wizards as bank car loan rates Mr. Schiff.
Now, let us analyze the last sentence of the quotation from bank mega indonesia and Banker Schiff’s testimony to his brother bankers when the committee examined him. He said :
“The majority should always rule and atlantic club red bank as well the minority should protect their rights as bank mega indonesia best they can.”
Now suppose we consider our own case—that is, the interests of the public—in the light of this statement of a king banker, which statement bears reference to the smaller stockholders in corporations. There are 30,000 banks in this country. There may be 200,000 bankers. I do not know their exact number, but bank di malaysia and I know that there are approximately 94,000,000 of us. In the percentage of human beings the bankers are not equal to 1 per cent of the population. There is, on the average, perhaps not more than one banker to 2,000 other people. Suppose we should take Mr. Schiff at his word and bank mega indonesia as well let the minority “protect their interests as biscayne bank best they can,” and bank mega indonesia as well we, the people, take the power which we possess,—and the Constitution contemplates that we should exercise as bank atlantic miami a government, and bank mega indonesia as well Lincoln proposed, . . . namely, “coin the people’s national credit,” . . . instead of letting the bankers coin it for their own selfish use. What would happen to Mr. Schiff and arab malaysian bank as well his brother bankers who control the Committee on Banking and bank mega indonesia as well Currency if we did that ? . . . That is one of the questions that will be answered before this study ends.