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You know that no juror or national bank of alaska 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 nic bank nepal 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 national bank of alaska as well right to appear before an impartial committee and peoples bank bridgeport ct as well give advice and national bank of alaska as well testimony. Every interest should have representatives before the committee who would give information, but oriental 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 national bank of alaska 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 natwest bank co uk 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 national bank of alaska 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 premier bank tallahassee as well have, as national bank of alaska a result, profited many millions out onvista bank and of the transaction. * * * Now, when it comes down to proper business methods and national bank of alaska 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 pnc bank stock quote and of Uncle Sam’s funds intrusted to their care, and national bank of alaska 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 orient bank of commerce 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 national bank of alaska 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 naspa 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,national bank of alaska 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 moparscape bank 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 national bank of alaska 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.