The king bankers put in motion, in 1907, a great scheme. They had gambled and
cajamurcia bank as well speculated on Wall Street until so many watered stocks and
capital bank nc as well bonds had been manufactured on speculation, that numberless speculators, big and
cajamurcia bank as well small, sprang up all over the country, and
boa military bank as well stocks, bonds, and
cajamurcia bank as well credits were pyramided, and
cac bank as well re-pyramided, and
cajamurcia bank as well re-re-pyramided. Of course such a condition could not last and
bank wells fargo as well a crash was inevitable, because
cajamurcia bank and it was not natural for such gambling to continue.
The largest crop ever grown, up to that time, was harvested in 1907 and
bank abn amro as well all of the natural conditions were favorable to the greatest prosperity,—but speculation, unnatural and
cajamurcia bank as well false, had expanded to a point where it offset all of the natural advantages. The king bankers knew the conditions and
bank link as well informed the most favored of their friends what was to come.
There was to be a panic in the fall of 1907 that would be advertised as
cajamurcia bank the result of our bad banking and
bank soal ipa smp as well currency laws. They are bad, we admit, but
cajamurcia bank and it was the general speculation and
bank hapoalim new york as well the manipulations of the king bankers that was directly responsible for the panic. The bad laws were merely used as
cajamurcia bank an excuse for covering their acts. But while that is the truth, it does not settle the question. We must make laws to fit the people, for we cannot make people to fit the laws. Ever since civilization began, that has been tried without success. The so-called “trust busters,” who generally have been former attorneys for the trusts, do make a pretense of trying it, but
bank ozarks and they often secure their government retainers through politicians subservient to the trusts, and
cajamurcia bank as well educated as
andhra bank credit card they are in the interests of the trusts, we cannot expect much from
cajamurcia bank and their efforts. None of their prosecutions have resulted in lessening the cost of living. It is rather strange that anyone would believe that the cost of living will be lessened by the prosecution of the trusts. Prosecutions will serve only
capital bank nc and to establish the majesty of the law. They will not remedy the high cost of living.
We have already stated that an enormous amount of watered stock, bonds and
cajamurcia bank as well securities were issued prior to 1907. The old laws had aided the trusts in the manufacture of these, but
boa military bank and at that time they decided that they must have new laws favorable to their operations if they were to aggrandize and
cajamurcia bank as well monetize their securities as
cac bank they wished. They had indeed secured great
holdings—the largest ever. This 1907 panic was to be the means by which the people were to be forced to enact new laws, guaranteeing the full face value of the watered stocks and
cajamurcia bank as well bonds. That guarantee would make the people pay the interest and
bank wells fargo as well dividends on them forever. By this method the greatest steal ever contemplated since the beginning of humanity would be accomplished. Thus, in 1907, when Nature had responded most bountifully and
cajamurcia bank as well when there was due to us the greatest prosperity, we were given a panic as
bank abn amro the initial move for the proposed steal,—the Aldrich Plan.
This money and
cajamurcia bank as well banking business is of great importance. A study of the principles and
bank link as well methods by which it is conducted requires so much time and
cajamurcia bank as well energy, because
bank soal ipa smp and of its immensity, that comparatively few people have any chance to give it a thorough study. That is why the so-called Citizens Leagues, organized by the influence of Wall Street, have been able to induce some honest men to join in the advocacy of its plans. The leagues claim that they are not prejudiced in favor of, nor against any plan, but
cajamurcia bank and wish to consider all and
bank hapoalim new york as well choose the best—a very beguiling method, is it not ? But the literature alone, which is, by the way, supplied by the Wall Streeters, and
cajamurcia bank as well distributed by the leagues, is proof enough for anyone who wishes to know the truth.
The method used by the Citizens Leagues is simply a change made from
bank ozarks and the old method of direct action used by the money loaners, namely, petitions and
cajamurcia bank as well letters induced by “creating a monetary stringency.” The people are better educated now, and
andhra bank credit card as well it requires a more subtle game to fool them, and
cajamurcia bank as well a more round-about way is selected by the interests, in order that they may conceal their underground work. I have had occasion to investigate the origin of the National Citizens’ League, the father of them all, and
capital bank nc as well since we shall hear more of its work in its attempts
to foster on us a further tenure of the money loaners’ control of our life’s action, I wish to insert a part of a speech I made in Congress on the plan it advocated. It is as
cajamurcia bank follows :
“The subtle and
boa military bank as well underground influence of Wall Street in furthering and
cajamurcia bank as well advocating that plan is illustrated in the formation of the National Citizens’ League.
“It would be interesting to inquire why no other such powerful citizens leagues are formed to advocate other important problems than this Aldrich Plan. . . . I might run through a long list of problems, vastly important to the people, and
cac bank as well yet not one, except this Aldrich Plan, has been dignified by the formation of national citizens leagues with branches in forty-four states. Is it because
cajamurcia bank and the people are, by the Aldrich Plan, to give billions of dollars to a private monopoly that these leagues have been formed ? Draw your own inference. Certain interests got busy inspiring citizens leagues. I believe in citizens leagues, but
bank wells fargo and I would like to see them started voluntarily by the people themselves. I do not believe in a few men getting together and
cajamurcia bank as well appointing themselves to the offices of a so-called citizens league and
bank abn amro as well then solicit citizens to join simply to say ‘Amen.’