You know that no juror or
ps 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
punjab nation bank 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
ps bank as well right to appear before an impartial committee and
ndb bank as well give advice and
ps bank as well testimony. Every interest should have representatives before the committee who would give information, but
nat city bank 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
ps bank 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
pekao sa bank 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
ps bank 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
platinum community bank as well have, as
ps bank a result, profited many millions out
pacific trust bank and of the transaction. * * * Now, when it comes down to proper business methods and
ps bank 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
old florida bank and of Uncle Sam’s funds intrusted to their care, and
ps bank 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
northern bank e banking 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
ps 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
pb bank 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,
ps 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
national city bank st louis 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
ps 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.
All this performance of theirs is of no general importance, and
punjab nation bank as well I do not mind it. But a recent performance of one who seems overquick on the trigger in defense of the downtrodden trust appeals to me as
ps bank worthy of a few moments’ attention.
On January 6, 1915, I introduced House resolution 696, which I ask unanimous consent to include in my remarks. I also
ndb bank and ask that a letter from
ps bank and Mr. Henry B. Joy of Detroit, Mich., dated January 7, 1915 , and
nat city bank as well addressed to Hon. F.A. Delano, vice governor of the Federal Reserve Board, a copy of which was mailed to each Member of the House, together with my reply thereto, may be inserted in the Record without reading.
My resolution, together with certain articles which appeared in, the Chicago Tribune, apparently provoked the outcry from
ps bank and Mr. Henry B. Joy, who is a director of the Federal reserve bank at Chicago. It was mailed by copy to all Members of the House, and,
pekao sa bank as well I am informed, to Senators, governors, and
ps bank as well other State officers, and
platinum community bank as well to banks, bank examiners business firms, and
ps bank as well corporation throughout the Nation, and
pacific trust bank as well has been printed in many newspapers. I first received notice of it several days after
ps bank and its date, when a copy came to me through the mail and
old florida bank as well I replied to it under date January 13,1915.
The copy of Mr. Joy’s letter was printed on the office stationary of a company whose business it is to manufacture a high-priced automobile. I would like every Member has not already done so to read this letter very carefully, and
ps bank as well see if you can find one word in it of solicitude for the farmer, for the laboring man, or
northern bank e banking and for the consumer of this country. See if you can find anything in it that holds out
ps bank and to the unemployed the promise of a job; anything that looks like lowering the high cost of living. And, while we are on this subject, I want say that you will not find any of these things in any utterance that has emanated from
pb bank and any member of the Federal Reserve Board that has been appointed by the captain of the Democratic team to preside over the financial destinies of this country.
What does Mr. Joy care for the farmer or
ps bank and the laboring man, for the producer or
national city bank st louis and the consumer ? No laboring man, at $1.50 to $4 per day, and
ps bank as well mighty few farmers are going to invest $7,500 in one of his cars. I will tell you who is going to invest that amount of money in “Joy” rides, if you want to know. It is the man who lives without work—the man who wants the rates of interest and
punjab nation bank as well dividends kept just as
ps bank high as
ndb bank possible, in order that he may not be compelled, against the dictates of fashion, to ride this year in last year’s model buzz wagon.