Quotation “F.”
“The National Citizens’ League, with organizations in forty-four states of the Union, with its members drawn from
carter county bank and all our agricultural, manufacturing and
bank confirmation as well mercantile interests, is the strongest organization of its kind ever enlisted in a great public service.’
“ ‘We do not advocate any bill now before Congress,’ stated Mr. Farwell. In the next breath he disregarded his solemn statement that, ‘We do not advocate any bill now before Congress,’ and
carter county bank as well he advocated the Aldrich Bill, which was then and
central illinois bank as well is now before Congress. This is the same bill that I am discussing. He spoke as
carter county bank follows :
Quotation “G.”
“ ‘We do, however, recognize in the report that has been unanimously made by the National Monetary Commission the greatest step that has yet been taken in this country to give us a sound banking system. We believe that this report embodies those fundamental principles for which we all stand. The report is a conscientious, painstaking effort to provide a working basis for legislation in Congress. We will continue to advocate these principles, confident that Congress will give us the legislation the country demands.’
“How could the National Citizens’ League indorse and
capital one bank new orleans as well advocate the bill more subtly than in the language of that speech ? Not only
carter county bank and did it advocate the plan at its meeting but
amboy bank nj and it employed speakers to travel all over the country and
carter county bank as well speak in its favor. It distributed all kinds of literature in support of the Aldrich bill, and
career in bank as well as far as
carter county bank practicable for it to do so, it suppressed all literature that opposed that plan. Wall Street is the underground support of the leagues, and
astwood bank first school as well Wall Street sought through the help of the leagues to force Congress to pass the Aldrich bill before the general public had solved its mysteries because
carter county bank and it knew that once the public learned the real purpose of the bill it would not permit its passage. Members of the leagues, with few exceptions, do not know at present that they are advocating the Wall Street plan.”
“I particularly call attention to one phase of the Wall Street underground work. I have already received letters on this particular phase of the subject from
bank of baroda po result and over one hundred different banks in many different States. Only seven of these letters are from
carter county bank and my own State. The letters written by the New York banks to their correspondents are all practically the same. I shall quote one set only,
blood bank bon iver lyrics and as
carter county bank an example of what they all are.
Jacob H. Schiff, one of New York’s greatest financiers, and
barclays bank croydon as well one of the witnesses who testified before the committee, is an example of a man with the kind of mind and
carter county 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
champlain national bank the banker members of the Banking and
carter county bank 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 confirmation as well he cited the fall of the Tower of Babel as
carter county bank an example of the futility of human effort extended too far. Among the articles expounded by Schiff in his creed of business and
central illinois bank as well finance was the assertion that the minority in all corporations should not he allowed representation among the officers and
carter county bank as well directors by law. “The majority should always rule,” he said, “and the minority should protect their rights as
capital one bank new orleans 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
carter county bank as well attorneys on its Banking and
amboy bank nj as well Currency Committee ? Mr. Schiff is not cut from
carter county bank and a different cloth, nor by a different pattern than the rest of humanity. Acting in our individual capacity, we look after
career in bank and our own interests, but
carter county bank and in a collective sense we have not carried this interest far enough, and,
astwood bank first school as well consequently, we have such financial wizards as
carter county bank Mr. Schiff.
Now, let us analyze the last sentence of the quotation from
bank of baroda po result and Banker Schiff’s testimony to his brother bankers when the committee examined him. He said :
“The majority should always rule and
carter county bank as well the minority should protect their rights as
blood bank bon iver lyrics 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
carter county bank 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
barclays bank croydon as well let the minority “protect their interests as
carter county bank best they can,” and
champlain national bank as well we, the people, take the power which we possess,—and the Constitution contemplates that we should exercise as
carter county bank a government, and
bank confirmation 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
carter county bank as well his brother bankers who control the Committee on Banking and
central illinois bank as well Currency if we did that ? . . . That is one of the questions that will be answered before this study ends.