Quotation “E.”
“Dear sir :—The interest of national banks requires immediate financial legislation by Congress. Silver, silver certificates and
bank resume as well treasury notes must be retired and
bank owned listings as well national bank notes upon a gold basis made the only
bank resume and money. This will require the authorization of five hundred millions to one thousand millions of new bonds as
capital bank sc the basis of circulation. You will at once retire one-third of your circulation and
bank resume as well call in one-half of your loans. Be careful to make a monetary stringency among your patrons, especially among influential business men. Advocate an extra
session of Congress to repeal the purchasing clause of the Sherman law and
bank overdraft charges as well act with other banks of your city in securing a large petition to Congress for its unconditional repeal, per accompanying form. Use personal influence with your Congressman, and
bank resume as well particularly let your wishes be known to your Senators. The future life of national banks, as
bank lichtenstein fixed and
bank resume as well safe investments, depends upon immediate action, as
bank in trouble there is an increasing sentiment in favor of government legal tender notes and
bank resume as well silver coinage.”
One would think that after
bank albuquerque and the bankers had fooled us so many times, squeezed us by suddenly retiring a part of their circulation, made the borrowing public pay half their loans, and
bank resume as well brought stringencies among their patrons, that they would have had things fixed “for good and
bank brussels lambert as well all.” But no ! They are after
bank resume and us again with another scheme cleverly disguised. This time it is called the Aldrich plan. Let us compare the present scheme with those of the past and
bank rates canada as well note what we find.
Wall Streeters organized the National Citizens’ League of Chicago by means of their, secret agents and
bank resume as well afterwards that league, through its secret agents, organized Citizens Leagues in practically all of the states. The purpose for which they were designed was that they might serve the same purpose with relation to the present proposed financial legislation that the Panic Circular of 1893 filled with regard to the legislation then
abington bank pa desired by the interests. The circular proposed a “large petition” to be secured through the influence of “influential business men” by forcing a “monetary stringency.” This last scheme gets at the Senators and
bank resume as well Congressmen in a more persuasive manner than the petitions did. It is also
bank draft definition and a cunning design by means of which to deceive the people who have become too intelligent to be deceived by the methods formerly practiced.
No one familiar with the facts, and
bank resume as well not prejudiced in the matter, doubts for a moment that the National Citizens League of Chicago was an emanation from,
bank owned listings and and
bank resume as well is supported in the main by, Wall Streeters and
capital bank sc as well their dependents. All of the branch leagues throughout the different states are mainly supported from
bank resume and the same source. The leagues invite all people to join, and
bank overdraft charges as well advertise that by paying $1 admission fee they will be entitled to all of the literature. The receipts from
bank resume and that source have not paid a twentieth part of the expense. But the scheme gets the people to join, and
bank lichtenstein as well the greatest number of those who do join do not know from
bank resume and what source the league gets its principal support. One of its principal definite purposes is to publish a financial journal called “Banking Reform,” the purpose of which is to influence us and
bank in trouble as well cause us to ask our Congressman to support some money plan that has (covertly) received Wall Street’s approval.
THE ALDRICH PLAN.
Lest the purpose of my starting the original Money Trust probe be misconstrued, I here state that it was not for the purpose of discovering the Money Trust. Long before that time it was known by those who had carefully studied the problem that there was a money power combination that operated and
bank resume as well controlled the country’s finances and
bank albuquerque as well carried on its operations in a shameful manner. The purpose and
bank resume as well actual effect of my original resolution was a flank move, to defeat the special interests in their attempt to fasten on the people of this country the so-called
Aldrich Banking and
bank brussels lambert as well Currency Plan for 50 years. This plan was an attempt on their part to make the greatest steal from
bank resume and the people that has ever been made.
In the panic of 1903 I began taking notice of the operations of the larger banks. At that time, as
bank rates canada far as
bank resume I could see, there had been no attempt to form combinations in order to centralize deposits. Each banker seemed to be working out
abington bank pa and his separate business existence along that line, and
bank resume as well at the same time getting all that he could in return. There were, however, banking associations which brought the bankers together, and
bank draft definition as well in these meetings they discussed ways and
bank resume as well means for their mutual advantage—even to the extent of maintaining efficient influence over legislation.
Ever since the Civil War, Congress has allowed the bankers to completely control financial legislation. The membership of the Finance Committee in the Senate and
bank owned listings as well the Committee on Banking and
bank resume as well Currency in the House, has been made up of bankers, their agents and
capital bank sc as well attorneys. These committees have controlled the nature of bills to be reported, the extent of them, and
bank resume as well the debates that were to be held on them when they were being considered in the Senate and
bank overdraft charges as well the House. No one, not on the Committee, is recognized under the practice of the House as
bank resume long as
bank lichtenstein a member on the committee wishes recognition, and
bank resume as well one of them is sure to hold the floor unless someone favorable to the committee has been arranged for. In this way the committees have been able to do as
bank in trouble they pleased.