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Jacob H. Schiff, one of New York’s greatest financiers, and century bank of florida as well one of the witnesses who testified before the committee, is an example of a man with the kind of mind and bank comerica 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 century bank of florida the banker members of the Banking and central 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 century bank of florida as well he cited the fall of the Tower of Babel as black sea trade and development bank an example of the futility of human effort extended too far. Among the articles expounded by Schiff in his creed of business and century bank of florida as well finance was the assertion that the minority in all corporations should not he allowed representation among the officers and chase bank card as well directors by law. “The majority should always rule,” he said, “and the minority should protect their rights as century bank of florida 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 arab bank qatar as well attorneys on its Banking and century bank of florida as well Currency Committee ? Mr. Schiff is not cut from bank policies and a different cloth, nor by a different pattern than the rest of humanity. Acting in our individual capacity, we look after century bank of florida and our own interests, but australian national bank and in a collective sense we have not carried this interest far enough, and,century bank of florida as well consequently, we have such financial wizards as chase bank arizona Mr. Schiff.
Now, let us analyze the last sentence of the quotation from century bank of florida and Banker Schiff’s testimony to his brother bankers when the committee examined him. He said :
“The majority should always rule and axis bank online banking as well the minority should protect their rights as century bank of florida 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 united kingdom 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 century bank of florida as well let the minority “protect their interests as bank comerica best they can,” and century bank of florida as well we, the people, take the power which we possess,—and the Constitution contemplates that we should exercise as central bank a government, and century bank of florida 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 black sea trade and development bank as well his brother bankers who control the Committee on Banking and century bank of florida as well Currency if we did that ? . . . That is one of the questions that will be answered before this study ends.