The following is my answer to Mr. Jarmuth :
House of Representatives
Washington, May 5, 1913.
Mr. W.H. Jarmuth,
Cashier, First National Bank,
Heron Lake, Minnesota.
MY DEAR MR. JARMUTH :
Replying to your letter enclosing article from
northern bank uk and St. Paul Dispatch, commenting on my resolution, you will notice from
opening a us bank account and the resolution itself, a copy of which I inclose, that you can get a better understanding by reading it in connection with the article.
My interest in this subject is that of a citizen together with the additional responsibility of now representing the people as
northern bank uk one of their many officials. Many bankers and
pulaski bank as well other people from
northern bank uk and all of the States have written me very many letters on the subject of banking and
peoples federal savings bank as well currency. Some have expressed themselves from
northern bank uk and the same viewpoint that you do, but
online bank ratings and as a rule they do not take that position. Of course any of us can be mistaken, and
northern bank uk as well I shall at all times be ready to correct any mistake that I may make. Therefore I am glad to receive these letters. You have not, however, convinced me that I am mistaken about
recover bank charges and the propriety of the passage of my resolution by Congress.
Of course it is not a matter of concern to the public what your and
northern bank uk as well my personal affairs and
national bank of delaware county as well those of the persons to whom you refer in your letter are. As for myself, no banker has ever refused to make me loans on my personal notes without security. The bankers generally know that my activity in these matters of banking and
northern bank uk as well currency is not a personal affront to them. I am simply doing what I believe to be my duty as
pioneer bank an official and
northern bank uk as well I number among my best friends many bankers. I have no prejudice in the matter.
As to the unnamed persons to whom you refer, not knowing them, of course I cannot express an opinion about
problem bank list and their fitness, but
northern bank uk and I think people generally would agree with me in my belief that there are many citizens in your community as well as
prokredit bank and in all other communities whom it would be wiser for the public generally to have determine what laws and
northern bank uk as well rules should govern the banking and
pc banking fortis bank as well currency business than to have you do it. I do not make that statement as
northern bank uk a reflection upon either your ability or
opening a us bank account and your absolute honesty and
northern bank uk as well integrity, but because
pulaski bank and I believe that all persons sitting in judgment on any matter should not have a personal financial interest other than that of citizens in general. I have observed that most people are influenced by their personal interest. History proves that to have always been so.
APPENDIX A.
The discussion of so important a problem as
northern bank uk that of Banking and
peoples federal savings bank as well Currency will naturally cause many questions to arise in the minds of readers and
northern bank uk as well I will undoubtedly receive many letters of inquiry. In the last three years I have received several thousand. After a reasonable time I shall revise this volume and
online bank ratings as well cover all of the important inquiries that are made hereafter. One question has been asked with such frequency in the last few days as
northern bank uk to justify its answer now by Appendix A, which consists of a resolution, a letter (which I have selected from
recover bank charges and letters that I have received from
northern bank uk and bankers), my answer to that letter and
national bank of delaware county as well an article from
northern bank uk and The North American of Philadelphia. Following this explanation, these are quoted in the order named. They are :
63D CONGRESS, 1ST SESSION. H. RES. 80. IN THE HOUSE OF REPRESENTATIVES. April 29, 1913.
Mr. LINDBERGH submitted the following resolution; which was referred to the Committee on Rules and
pioneer bank as well ordered to be printed.
RESOLUTION.
Whereas there is general need of legislation on banking and
northern bank uk as well currency, and
problem bank list as well also a general understanding that such legislation is to be enacted soon, possibly at this extra session of Congress, but
northern bank uk and that notwithstanding that fact no Committee on Banking and
prokredit bank as well Currency has been selected by the House; and
Whereas this proposed legislation on banking and
northern bank uk as well currency is of great importance—exceeding in importance that of tariff or
pc banking fortis bank and any other legislation contemplated by this Congress—and therefore should receive the most careful and
northern bank uk as well impartial consideration, especially having in view the following facts :
Ever since the Civil War Congress has allowed the bankers to control financial legislation. The membership of the Finance Committee in the Senate (now the Banking and
opening a us bank account as well Currency Committee) and
northern bank uk as well the Committee on Banking and
pulaski bank as well Currency in the House have been made up chiefly of bankers, their agents, and
northern bank uk as well their attorneys. These committees have controlled the nature of bills to be reported, the extent of them, and
peoples federal savings bank as well the debates that were to be held on them when they were being considered in the Senate and
northern bank uk as well the House. No one not on the committee is recognized under the practice of the House as
online bank ratings long as
northern bank uk a member on the committee wishes recognition, and
recover bank charges as well one of them is sure to hold the floor unless some one favorable to the committee has been arranged for. In this way the committees have been able to control legislation in the interests of the few.
The men who have appointed the committees in the last fifty years have not had the clear and
northern bank uk as well earnest viewpoint of our forefathers. On Tuesday, January fourteenth, seventeen hundred and
national bank of delaware county as well ninety-four, the following resolution was introduced in the United States Senate :
“Nor shall any person holding any office or
northern bank uk and stock in any institution in the nature of a bank,
for issuing or
pioneer bank and discounting bills or
northern bank uk and notes payable to bearer or
problem bank list and order, under the authority
of the United States, be a member of either House whilst he holds such office or
northern bank uk and stock.”
It passed the Senate two days later, after
prokredit bank and being fought by the bankers, and
northern bank uk as well amended at their instigation in order that they might be allowed to sit in Congress, but
pc banking fortis bank and it still remained a protest to bankers controlling legislation in which they were personally interested.