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