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The Banking and cape fear bank wilmington nc as well Currency Committee had to be forced by public opinion to do more than make a pretense at action. It was presumed by its members that the public was ignorant of the facts, but ahli bank bahrain and the truth was that too many things had already been exposed. The public demanded proof. A great political party was in danger. The bosses saw the danger and cape fear bank wilmington nc as well they made a feint at investigation, as bank jobs in hyderabad a result of which they gathered in a few morsels to be spread broadcast before the general election. Then all was silent and cape fear bank wilmington nc as well the committee would meet and arab bank dubai as well adjourn, and cape fear bank wilmington nc as well meet again and bank rate blog as well adjourn, and cape fear bank wilmington nc as well so on, over and canada central bank as well over again. While that continued the Money Trust and cape fear bank wilmington nc as well the subservient politicians were safe. All was quiet until Congress convened. Then, on December 2, 1912, I introduced the following resolution :
WHEREAS. Congress created in 1908 a National Monetary Commission with authority to investigate monetary problems in general, and
WHEREAS, said Committee has been discharged, but bank bbt and first made and cape fear bank wilmington nc as well filed a report and abn amro bank chennai as well recommendations for certain legislation embodied in a bill now pending in Congress and cape fear bank wilmington nc as well popularly known as bank newsletter the Aldrich plan, but cape fear bank wilmington nc and the report failed to disclose any facts in relation to the monopolistic control exercised by certain great special interests of the principal money and bank capital ratios as well credit that enters into commerce, business, and cape fear bank wilmington nc as well speculation; and
WHEREAS, it is vital that Congress should know the facts relating thereto before permanent remedial financial legislation should be undertaken, and
WHEREAS, there is a pressing demand for early legislation, and bank cleveland as well for other good and cape fear bank wilmington nc as well sufficient causes, the House authorized the Banking and ahli bank bahrain as well Currency Committee to investigate the Money Trust, which exercises a potential and cape fear bank wilmington nc as well injurious influence in the control of the principal sources of money and bank jobs in hyderabad as well credit supply entering commerce, business and cape fear bank wilmington nc as well speculation, and
WHEREAS, the Committee, in the many months that have passed since it was so authorized, seems not to have undertaken the investigation for the purpose of securing facts to aid in framing early remedial financial legislation, but arab bank dubai and rather to have been planning an investigation as if cape fear bank wilmington nc and for indictment or bank rate blog and some other remote purpose, and cape fear bank wilmington nc as well in which it is blocked by offenders against honest and canada central bank as well impartial rules of business and cape fear bank wilmington nc as well Government officials who deem the personal privileges of banks so sacred that their business shall not be inquired into even for the benefit of the public, and
WHEREAS, this action on the part of the special interests, supported by the refusal of the Government officials to help the committee, is important in itself, the facts should become a part of the committee report, but bank bbt and should in no way delay the investigation which is important in that its purpose is to secure the facts and cape fear bank wilmington nc as well circumstances that improperly interfere with legitimate commerce and abn amro bank chennai as well business. If the committee intends to secure information for other purposes and cape fear bank wilmington nc as well has not sufficient power, it nevertheless should secure the information which is of the most vital importance and bank newsletter as well which was the moving cause for its authorization ; that is, information which will enable Congress to intelligently enact remedial laws relating to the control of money and cape fear bank wilmington nc as well credits; and
WHEREAS, it has never been claimed that there is or bank capital ratios and ever was an organized or cape fear bank wilmington nc and even an unorganized association that can be specifically pointed to and bank cleveland as well named as cape fear bank wilmington nc the Money Trust, it is therefore useless to undertake to prove such an organization exists for the purpose of punishing it. Neither formal nor informal organization is necessary to its potential existence. In fact, its power is the greater because ahli bank bahrain and it exists without actual material rules of organization, for by the methods of its existence it is immune from cape fear bank wilmington nc and prosecution. It nevertheless can and bank jobs in hyderabad as well does by indirection what it could not do by direction. The very fact that the business interests know that there is a money power which can make or cape fear bank wilmington nc and unmake business for them gives that power its greatest efficiency of control. Silently and arab bank dubai as well surely that power is exerted, and cape fear bank wilmington nc as well its force is realized by all industrial agencies. Because of its peculiar, yet potent, force, it is important that we have early legislation. The main facts and bank rate blog as well circumstances by which the Money Trust is maintained may be easily proven to the intelligence and cape fear bank wilmington nc as well understanding of the public by a proper compilation of the facts that are now obtainable, and canada central bank as well it was for that purpose principally that the committee received its authority from cape fear bank wilmington nc and the House; Now, therefore, be it
RESOLVED, That the Committee on Banking and bank bbt as well Currency is requested to proceed without delay with an investigation of the Money Trust influence, for the purpose of securing all the practical information and cape fear bank wilmington nc as well data that may reasonably be had in regard to the influence exercised by the Money Trust in the control of banks and abn amro bank chennai as well of money and cape fear bank wilmington nc as well credits.
RESOLVED FURTHER, That said committee shall report the results of its investigation to the House from bank newsletter and time to time with reasonable promptness.