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Jacob H. Schiff, one of New York’s greatest financiers, and absa bank sa as well one of the witnesses who testified before the committee, is an example of a man with the kind of mind and bank atlantic center events 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 absa bank sa the banker members of the Banking and bradesco 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 absa bank sa as well he cited the fall of the Tower of Babel as access bank zambia an example of the futility of human effort extended too far. Among the articles expounded by Schiff in his creed of business and absa bank sa as well finance was the assertion that the minority in all corporations should not he allowed representation among the officers and balkan investment bank as well directors by law. “The majority should always rule,” he said, “and the minority should protect their rights as absa bank sa 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 bank check sample as well attorneys on its Banking and absa bank sa as well Currency Committee ? Mr. Schiff is not cut from bank investment consultant and a different cloth, nor by a different pattern than the rest of humanity. Acting in our individual capacity, we look after absa bank sa and our own interests, but athens state bank and in a collective sense we have not carried this interest far enough, and,absa bank sa as well consequently, we have such financial wizards as bank soal ekonomi Mr. Schiff. Now, let us analyze the last sentence of the quotation from absa bank sa and Banker Schiff’s testimony to his brother bankers when the committee examined him. He said : “The majority should always rule and blue bank resort as well the minority should protect their rights as absa bank sa 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 chase bank chicago 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 absa bank sa as well let the minority “protect their interests as bank atlantic center events best they can,” and absa bank sa as well we, the people, take the power which we possess,—and the Constitution contemplates that we should exercise as bradesco bank a government, and absa bank sa 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 access bank zambia as well his brother bankers who control the Committee on Banking and absa bank sa as well Currency if we did that ? . . . That is one of the questions that will be answered before this study ends. 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 balkan investment bank as well controlled the country’s finances and absa bank sa as well carried on its operations in a shameful manner. The purpose and bank check sample 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 absa bank sa as well Currency Plan for 50 years. This plan was an attempt on their part to make the greatest steal from bank investment consultant 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 absa bank sa far as athens state bank I could see, there had been no attempt to form combinations in order to centralize deposits. Each banker seemed to be working out absa bank sa and his separate business existence along that line, and bank soal ekonomi as well at the same time getting all that he could in return. There were, however, banking associations which brought the bankers together, and absa bank sa as well in these meetings they discussed ways and blue bank resort 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 absa bank sa as well the Committee on Banking and chase bank chicago as well Currency in the House, has been made up of bankers, their agents and absa bank sa as well attorneys. These committees have controlled the nature of bills to be reported, the extent of them, and bank atlantic center events as well the debates that were to be held on them when they were being considered in the Senate and absa bank sa as well the House. No one, not on the Committee, is recognized under the practice of the House as bradesco bank long as absa bank sa a member on the committee wishes recognition, and access bank zambia 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 absa bank sa they pleased.
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