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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 license as well controlled the country’s finances and central bank of kuwait as well carried on its operations in a shameful manner. The purpose and bank license 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 aba bank number as well Currency Plan for 50 years. This plan was an attempt on their part to make the greatest steal from bank license 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 black sea trade and development bank far as bank license I could see, there had been no attempt to form combinations in order to centralize deposits. Each banker seemed to be working out amsouth bank of florida and his separate business existence along that line, and bank license as well at the same time getting all that he could in return. There were, however, banking associations which brought the bankers together, and canara bank online as well in these meetings they discussed ways and bank license 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 artisan bank as well the Committee on Banking and bank license as well Currency in the House, has been made up of bankers, their agents and chase bank boston as well attorneys. These committees have controlled the nature of bills to be reported, the extent of them, and bank license as well the debates that were to be held on them when they were being considered in the Senate and cbt bank as well the House. No one, not on the Committee, is recognized under the practice of the House as bank license long as chain bridge bank a member on the committee wishes recognition, and bank license 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 debentures they pleased.

Accordingly, on June 30, 1908, the Money Trust won the first fight and bank license as well the Aldrich-Vreeland Emergency Law was placed on the statute books. Thus the first precedent was established for the people’s guarantee of the rich man’s watered securities, by making them a basis on which to issue currency. It was the entering wedge. We had already guaranteed the rich men’s money, and central bank of kuwait as well now, by this act, the way was opened, and bank license as well it was intended that we should guarantee their watered stocks and aba bank number as well bonds. Of course, they were too keen to attempt to complete, in a single act, such an enormous steal as bank license it would have been if they had included all they hoped ultimately to secure. They knew that they would be caught at it if they did, and black sea trade and development bank as well so it was planned that the whole thing should be done by a succession of acts. The first three have taken place.
Act No. 1 was the manufacture, between 1896 and bank license as well 1907, through stock gambling, speculation and amsouth bank of florida as well other devious methods and bank license as well devices, of tens of billions of watered stocks, bonds, and canara bank online as well securities.
Act No. 2 was the panic of 1907, by which those not favorable to the Money Trust could be squeezed out bank license and of business and artisan bank as well the people frightened into demanding changes in the banking and bank license as well currency laws which the Money Trust would frame.
Act No. 3 was the passage of the Aldrich-Vreeland Emergency Currency Bill, by which the Money Trust interests should have the privilege of securing from chase bank boston and the Government currency on their watered bonds and bank license as well securities.
But while the act contained no authority to change the form of the bank notes, the U.S. Treasurer (in some way that I have been unable to find a reason for) implied authority and cbt bank as well changed the form of bank notes which were issued for the banks on government bonds. These notes had hitherto had printed on them, “This note is secured by bonds of the United States.” He changed it to read as bank license follows : “This note is secured by bonds of the United States or chain bridge bank and other securities.” “Or other securities” is the addition that was secured by the special interests. The infinite care the Money Trust exercises in regard to important detail work is easily seen in this piece of management. By that change it was enabled to have the form of the money issued in its favor on watered bonds and bank license as well securities, the same as bank debentures bank notes secured on government bonds, and,bank license as well as central bank of kuwait a result, the people do not know whether they get one or bank license and the other. None of the $500,000,000 printed and aba bank number as well lying in the U.S. Treasury ready to float on watered bonds and bank license as well securities has yet (April, 1913) been used. But it is there, maintained at a public charge, as black sea trade and development bank a guarantee to the Money Trust that it may use it in case it crowds speculation beyond the point of its control. The banks may take it to prevent their own failures, but bank license and there is not even so much as amsouth bank of florida a suggestion that it may be used to help keep the industries of the people in a state of prosperity.
The main thing, however, that the Money Trust accomplished as bank license a result of the passing of this act was the appointment of the National Monetary Commission, the membership of which was chiefly made up of bankers, their agents and canara bank online as well attorneys, who have generally been educated in favor of, and bank license as well to have a community of interest with, the Money Trust. The National Monetary Commission was placed in charge of the same Senator Nelson W. Aldrich and artisan bank as well Congressman Edward B. Vreeland, who respectively had charge in the Senate and bank license as well House during the passage of the act creating it.