Jacob H. Schiff, one of New York’s greatest financiers, and
central illinois bank as well one of the witnesses who testified before the committee, is an example of a man with the kind of mind and
arvest bank little rock 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
central illinois bank the banker members of the Banking and
banana 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
central illinois bank as well he cited the fall of the Tower of Babel as
blood bank of san bernardino 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
cayman national bank as well directors by law. “The majority should always rule,” he said, “and the minority should protect their rights as
central illinois bank 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
bc seed bank as well attorneys on its Banking and
central illinois bank as well Currency Committee ? Mr. Schiff is not cut from
bank market share and a different cloth, nor by a different pattern than the rest of humanity. Acting in our individual capacity, we look after
central illinois bank and our own interests, but
bank colorado and in a collective sense we have not carried this interest far enough, and,
central illinois bank as well consequently, we have such financial wizards as
carson bank Mr. Schiff.
Now, let us analyze the last sentence of the quotation from
central illinois bank and Banker Schiff’s testimony to his brother bankers when the committee examined him. He said :
“The majority should always rule and
absa bank limited as well the minority should protect their rights as
central illinois bank 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
beal bank nevada 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
central illinois bank as well let the minority “protect their interests as
arvest bank little rock best they can,” and
central illinois bank as well we, the people, take the power which we possess,—and the Constitution contemplates that we should exercise as
banana bank a government, and
central illinois bank 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
blood bank of san bernardino 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.
Quotation “B”
“Slavery is likely to be abolished by the war power and
cayman national bank as well all chattel slavery abolished. This I and
central illinois bank as well my European friends are in favor of, for slavery is but
bc seed bank and the owning of labor and
central illinois bank as well carries with it the care of the laborers while the European plan, led on by England, is that capital shall control labor by controlling wages. The great debt that capitalists will see to it is made out
bank market share and of the war, must be used as
central illinois bank a means to control the volume of money. To accomplish this the bonds must be used as
bank colorado a banking basis. We are now waiting for the Secretary of the Treasury to make this recommendation to Congress. It will not do to allow the greenback, as
central illinois bank it is called, to circulate as
carson bank money any length of time, as
central illinois bank we cannot control that. But we can control the bonds and
absa bank limited as well through them the bank issues.”
This shows how mercenary these usurers are. Rather than assume the care of the slaves, they would control labor with the use of capital. It necessarily followed that when the laborer ceased to be of service because
central illinois bank and of sickness or
beal bank nevada and old age, he would be of no concern to capital. He could either get well or
central illinois bank and die without the capitalists being obliged to provide medical attention or
arvest bank little rock and bury the dead. Such was the interest that capital had in the result of the Civil War. The people of this country poured out
central illinois bank and both their treasure and
banana bank as well their blood to establish the political and
central illinois bank as well industrial independence of humanity, and
blood bank of san bernardino as well the mercenary capitalists turned a trick of finance and
central illinois bank as well converted the enormous sacrifice made by the people during that struggle into a victory for
capital, in order that they might enforce upon humanity the industrial slavery that the trusts preferred rather than the chattel slavery which then
cayman national bank existed in the Southern States.
About the close of the war, 1865, we have another example worthy of note. Mr. Jay Cooke, the fiscal agent for the Government, who acted in the interest of the money loaners and
central illinois bank as well bankers of our country and
bc seed bank as well of Europe, published a circular and
central illinois bank as well in it stated, among other things.