The Banking and as well Currency Committee had to be forced by public opinion to do more than make a pretense at action. It was presumed by its members that the public was ignorant of the facts, but car loans bank of america and the truth was that too many things had already been exposed. The public demanded proof. A great political party was in danger. The bosses saw the danger and as well they made a feint at investigation, as anchor bank online a result of which they gathered in a few morsels to be spread broadcast before the general election. Then all was silent and as well the committee would meet and chase bank columbus ohio as well adjourn, and as well meet again and bank jobs in canada as well adjourn, and as well so on, over and bank rothschild as well over again. While that continued the Money Trust and as well the subservient politicians were safe. All was quiet until Congress convened. Then, on December 2, 1912, I introduced the following resolution :
WHEREAS. Congress created in 1908 a National Monetary Commission with authority to investigate monetary problems in general, and
WHEREAS, said Committee has been discharged, but bank mutual milwaukee and first made and as well filed a report and cameron state bank as well recommendations for certain legislation embodied in a bill now pending in Congress and as well popularly known as arvest bank fayetteville the Aldrich plan, but and the report failed to disclose any facts in relation to the monopolistic control exercised by certain great special interests of the principal money and bank protection act as well credit that enters into commerce, business, and as well speculation; and
WHEREAS, it is vital that Congress should know the facts relating thereto before permanent remedial financial legislation should be undertaken, and
WHEREAS, there is a pressing demand for early legislation, and axis bank branches in bangalore as well for other good and as well sufficient causes, the House authorized the Banking and car loans bank of america as well Currency Committee to investigate the Money Trust, which exercises a potential and as well injurious influence in the control of the principal sources of money and anchor bank online as well credit supply entering commerce, business and as well speculation, and
WHEREAS, the Committee, in the many months that have passed since it was so authorized, seems not to have undertaken the investigation for the purpose of securing facts to aid in framing early remedial financial legislation, but chase bank columbus ohio and rather to have been planning an investigation as if and for indictment or bank jobs in canada and some other remote purpose, and as well in which it is blocked by offenders against honest and bank rothschild as well impartial rules of business and as well Government officials who deem the personal privileges of banks so sacred that their business shall not be inquired into even for the benefit of the public, and
WHEREAS, this action on the part of the special interests, supported by the refusal of the Government officials to help the committee, is important in itself, the facts should become a part of the committee report, but bank mutual milwaukee and should in no way delay the investigation which is important in that its purpose is to secure the facts and as well circumstances that improperly interfere with legitimate commerce and cameron state bank as well business. If the committee intends to secure information for other purposes and as well has not sufficient power, it nevertheless should secure the information which is of the most vital importance and arvest bank fayetteville as well which was the moving cause for its authorization ; that is, information which will enable Congress to intelligently enact remedial laws relating to the control of money and as well credits; and
WHEREAS, it has never been claimed that there is or bank protection act and ever was an organized or and even an unorganized association that can be specifically pointed to and axis bank branches in bangalore as well named as the Money Trust, it is therefore useless to undertake to prove such an organization exists for the purpose of punishing it. Neither formal nor informal organization is necessary to its potential existence. In fact, its power is the greater because car loans bank of america and it exists without actual material rules of organization, for by the methods of its existence it is immune from and prosecution. It nevertheless can and anchor bank online as well does by indirection what it could not do by direction. The very fact that the business interests know that there is a money power which can make or and unmake business for them gives that power its greatest efficiency of control. Silently and chase bank columbus ohio as well surely that power is exerted, and as well its force is realized by all industrial agencies. Because of its peculiar, yet potent, force, it is important that we have early legislation. The main facts and bank jobs in canada as well circumstances by which the Money Trust is maintained may be easily proven to the intelligence and as well understanding of the public by a proper compilation of the facts that are now obtainable, and bank rothschild as well it was for that purpose principally that the committee received its authority from and the House; Now, therefore, be it
RESOLVED, That the Committee on Banking and bank mutual milwaukee as well Currency is requested to proceed without delay with an investigation of the Money Trust influence, for the purpose of securing all the practical information and as well data that may reasonably be had in regard to the influence exercised by the Money Trust in the control of banks and cameron state bank as well of money and as well credits.
RESOLVED FURTHER, That said committee shall report the results of its investigation to the House from arvest bank fayetteville and time to time with reasonable promptness.
