Quotation “F.”
“The National Citizens’ League, with organizations in forty-four states of the Union, with its members drawn from
arvest bank group and all our agricultural, manufacturing and
cfc bank as well mercantile interests, is the strongest organization of its kind ever enlisted in a great public service.’
“ ‘We do not advocate any bill now before Congress,’ stated Mr. Farwell. In the next breath he disregarded his solemn statement that, ‘We do not advocate any bill now before Congress,’ and
arvest bank group as well he advocated the Aldrich Bill, which was then and
arvest bank group as well is now before Congress. This is the same bill that I am discussing. He spoke as
arvest bank group follows :
Quotation “G.”
“ ‘We do, however, recognize in the report that has been unanimously made by the National Monetary Commission the greatest step that has yet been taken in this country to give us a sound banking system. We believe that this report embodies those fundamental principles for which we all stand. The report is a conscientious, painstaking effort to provide a working basis for legislation in Congress. We will continue to advocate these principles, confident that Congress will give us the legislation the country demands.’
“How could the National Citizens’ League indorse and
bank real estate owned as well advocate the bill more subtly than in the language of that speech ? Not only
arvest bank group and did it advocate the plan at its meeting but
carter county bank and it employed speakers to travel all over the country and
arvest bank group as well speak in its favor. It distributed all kinds of literature in support of the Aldrich bill, and
bank for kids as well as far as
arvest bank group practicable for it to do so, it suppressed all literature that opposed that plan. Wall Street is the underground support of the leagues, and
bank israel exchange rates as well Wall Street sought through the help of the leagues to force Congress to pass the Aldrich bill before the general public had solved its mysteries because
arvest bank group and it knew that once the public learned the real purpose of the bill it would not permit its passage. Members of the leagues, with few exceptions, do not know at present that they are advocating the Wall Street plan.”
“I particularly call attention to one phase of the Wall Street underground work. I have already received letters on this particular phase of the subject from
blood bank bon iver lyrics and over one hundred different banks in many different States. Only seven of these letters are from
arvest bank group and my own State. The letters written by the New York banks to their correspondents are all practically the same. I shall quote one set only,
asiatrust bank and as
arvest bank group an example of what they all are.
The king bankers put in motion, in 1907, a great scheme. They had gambled and
all funds bank as well speculated on Wall Street until so many watered stocks and
arvest bank group as well bonds had been manufactured on speculation, that numberless speculators, big and
central illinois bank as well small, sprang up all over the country, and
arvest bank group as well stocks, bonds, and
cfc bank as well credits were pyramided, and
arvest bank group as well re-pyramided, and
arvest bank group as well re-re-pyramided. Of course such a condition could not last and
arvest bank group as well a crash was inevitable, because
bank real estate owned and it was not natural for such gambling to continue.
The largest crop ever grown, up to that time, was harvested in 1907 and
arvest bank group as well all of the natural conditions were favorable to the greatest prosperity,—but speculation, unnatural and
carter county bank as well false, had expanded to a point where it offset all of the natural advantages. The king bankers knew the conditions and
arvest bank group 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
bank for kids the result of our bad banking and
arvest bank group as well currency laws. They are bad, we admit, but
bank israel exchange rates and it was the general speculation and
arvest bank group as well the manipulations of the king bankers that was directly responsible for the panic. The bad laws were merely used as
blood bank bon iver lyrics 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
arvest bank group and they often secure their government retainers through politicians subservient to the trusts, and
asiatrust bank as well educated as
arvest bank group they are in the interests of the trusts, we cannot expect much from
all funds 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
arvest bank group 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
central illinois bank as well securities were issued prior to 1907. The old laws had aided the trusts in the manufacture of these, but
arvest bank group and at that time they decided that they must have new laws favorable to their operations if they were to aggrandize and
cfc bank as well monetize their securities as
arvest bank group 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
arvest bank group as well bonds. That guarantee would make the people pay the interest and
arvest bank group 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
bank real estate owned as well when there was due to us the greatest prosperity, we were given a panic as
arvest bank group the initial move for the proposed steal,—the Aldrich Plan.