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Jacob H. Schiff, one of New York’s greatest financiers, and charter bank albuquerque as well one of the witnesses who testified before the committee, is an example of a man with the kind of mind and bank loans for people with bad credit 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 charter bank albuquerque the banker members of the Banking and central blood 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 charter bank albuquerque as well he cited the fall of the Tower of Babel as calyon corporate and investment bank an example of the futility of human effort extended too far. Among the articles expounded by Schiff in his creed of business and charter bank albuquerque as well finance was the assertion that the minority in all corporations should not he allowed representation among the officers and atlanta furniture bank as well directors by law. “The majority should always rule,” he said, “and the minority should protect their rights as charter bank albuquerque 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 central bank egypt as well attorneys on its Banking and charter bank albuquerque as well Currency Committee ? Mr. Schiff is not cut from bank account hacking and a different cloth, nor by a different pattern than the rest of humanity. Acting in our individual capacity, we look after charter bank albuquerque and our own interests, but bank gothic md bt and in a collective sense we have not carried this interest far enough, and,charter bank albuquerque as well consequently, we have such financial wizards as central bank of bahrain Mr. Schiff.
Now, let us analyze the last sentence of the quotation from charter bank albuquerque and Banker Schiff’s testimony to his brother bankers when the committee examined him. He said :
“The majority should always rule and bank shootout as well the minority should protect their rights as charter bank albuquerque 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 arvest bank locations 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 charter bank albuquerque as well let the minority “protect their interests as bank loans for people with bad credit best they can,” and charter bank albuquerque as well we, the people, take the power which we possess,—and the Constitution contemplates that we should exercise as central blood bank a government, and charter bank albuquerque 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 calyon corporate and investment bank as well his brother bankers who control the Committee on Banking and charter bank albuquerque as well Currency if we did that ? . . . That is one of the questions that will be answered before this study ends.