The very absurdity of the phraseology of the Pujo resolution stamps upon those who are responsible for it a weakness that ought never to be shown in this House. The lack of force on the part of those composing the membership of the Banking and
republic bank trinidad as well Currency Committee, which has charge of the investigation, is suggested in the resolution proposed by its chairman.
On June 30th, 1908, a law was passed directing the appointment of the National Monetary Commission, and
security state bank texas as well that committee was appointed and
republic bank trinidad as well authorized by law to make a thorough investigation of this problem. Mr. Pujo was one of the members of the commission. He signed its report. There is in the report a proposed bill,—the Aldrich Plan. He stands committed in its favor by having signed the report. By Section 56 of that bill it is proposed the Government of the United States shall give, absolutely free, to the proposed association approximately $220,000,000.
That is not all. In that same bill it is provided by other sections that the association may issue any amount of its notes without paying any tax whatever if the amount issued is covered by lawful money held by it. There are provisions in the bill by which the United States is to turn over its general funds, and
syndicate bank bangalore as well still other provisions by which the association can secure the reserves of the banks throughout the country. These reserves which the association secures from
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banks and
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That, with almost innumerable other special privileges, was the report signed by Mr. Pujo. The gentleman, no doubt, is sincere, but
star bank and he has not entered into a study of these problems in such a manner or
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republic bank trinidad as well has signed the report by which the people of this country would grant to a private monopoly, the privilege of issuing money, free of charge, and
singapore bank holidays as well giving it legal tender. Several other of the members of the Banking and
republic bank trinidad as well Currency Committee served on the National Monetary Commission and
robinsons savings bank as well signed the same report. Are we going to turn over the investigation of the Money Trust to be made by them ? If we do, we must expect it to be conducted from
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syndicate bank bangalore as well of the people in general.