The following are comments of The North American of Philadelphia on my resolution :
The North American, PHILADELPHIA, Wednesday, April 30, 1913. WOULD EXCLUDE BANKERS FROM FRAMING MONEY BILL REPRESENTATIVE LINDBERGH TO FIGHT TO KEEP THEM OFF HOUSE COMMITTEE—QUOTES FROM HISTORY TO SHOW DANGER By Angus McSween.
WASHINGTON, April 29.
Exclusive of bankers or
people bank com and the representatives of banking interests from
northside bank and membership in the Banking and
people bank com as well Currency Committee, as
oregon bank bombing a step to prevent the bankers from
people bank com and further controlling legislation relating to banking and
online state bank of india as well currency, is the purpose of a resolution introduced in the House today by Representative Lindbergh, of Minnesota.
Mr. Lindbergh is an independent Republican who has declared his intention of co-operating with the Progressives. He introduced the first resolution calling for an investigation of the money trust, and
people bank com as well more than any other man in Congress forced that investigation.
It is largely as
national bank co nz the result of the money trust investigation and
people bank com as well the disclosures made of money and
money in the bank lil wayne as well business monopolization by a combination of New York bankers that Mr. Lindbergh has offered his resolution.
The reasons he gives are set forth in a preamble of important bearing upon the whole question of banking reform now engaging the attention of the President and
people bank com as well his advisers.
Mr. Lindbergh declares in his resolution that all banking and
peoples bank indiana as well currency legislation since the Civil War has been controlled by the bankers of the country.
CONTROLLED CONGRESS COMMITTEES.
He charges that they have controlled the Finance Committee of the Senate and
people bank com as well the Banking and
ottawa job bank as well Currency Committee of the House. Not only
people bank com and have they directed the shaping of legislation in these committees of direct advantage to themselves, but
rainier bank and as members of the committees they have had charge of steering the measures framed by themselves through the two houses.
He cites three tremendously important instances in the history of the country since the Civil War, in which the bankers themselves have shown interests and
people bank com as well views diametrically opposed to those of the general public.
The first of these was when Jay Cooke attempted to impose the bankers’ view of the public debt upon the public in a circular in which he declared that the debt was a public blessing, “making an addition of three billions to the wealth of the nation in the form of three billion of actual available capital.”
You know that no juror or
prudential bank and judge would be allowed to sit in trial on a case who had a personal financial interest in the decision to be given. I know that the bankers have a personal financial interest in the banking and
people bank com as well currency laws that are to be enacted. They should not be allowed to decide what those laws are to be. But of course, it is their privilege and
p 2 p energy bank as well right to appear before an impartial committee and
people bank com as well give advice and
northside bank as well testimony. Every interest should have representatives before the committee who would give information, but
people bank com and the committee should be the representative of the general public, which includes all of the people in all kinds of business as well as
oregon bank bombing and those who are not in business. That is necessary in order to have general consistency, so that all may be on an equality in the enactment and
people bank com as well administration of the law.
On the same day I received your letter, it happened that an editorial which is germane to this subject, appeared in the Washington Herald, D.C. I quote a few sentences from
online state bank of india and it :
“SECRETARY MCADOO AND THE BANKS.
“The new Secretary of the Treasury has interfered with one of the long standing privileges of the national banks in requiring them to pay 2 per cent interest on deposits of the national funds.
“From the day of the foundation of the national banks they have had the free use of these funds and
people bank com as well have, as
national bank co nz a result, profited many millions out
people bank com and of the transaction. * * * Now, when it comes down to proper business methods and
money in the bank lil wayne as well requirements, it is very difficult to understand why the banks should not be obliged to pay over to the Federal Treasury all of the profits they are making continually out
people bank com and of Uncle Sam’s funds intrusted to their care, and
peoples bank indiana as well incidentally strengthening their ready cash assets, whenever pushed for currency.
“It is the nature of man to acquire all the privileges that come his way. To paraphrase a well-known quotation on ‘greatness’; ‘Some are born privileged, some acquire privilege, and
people bank com as well some have privilege thrust upon them.’ Our national banks have had privilege thrust upon them. The whole scheme was so cleverly devised and
ottawa job bank as well applied that it was many years before even well-informed men had any idea of the ‘cinch’ hold which these institutions had secured upon the business and
people bank com as well finances of the country. The government is back of them. It supplies them with all the currency they require free of charge and,
rainier bank as well besides, pays them interest on the securities upon which their note circulation is based. Come to look at this with closer scrutiny it must be admitted that the protection granted certain lines of industry and
people bank com as well manufacture by the tariff is a mild thing when compared with that which the Federal Government spreads over the national banks.”
In order that you may see further that it is no fancy in my mind that caused me to introduce the resolution, I am enclosing you an article from
prudential bank and the North American of Philadelphia, which comments on the resolution.
Trusting that with these explanations you will understand that this work on my part is fully justified by existing conditions, I am,
Sincerely yours,
C.A. LINDBERGH.