The purpose of this investigation was to get such information as
royal bank com would enable Congress to pass proper laws on the subject of banking and
star bank of texas as well currency. We are asked to turn the whole matter over to the bankers and
royal bank com as well the attorneys of bankers. We would be acting according to the same principle if we were to appoint J. Pierpont Morgan, John D. Rockefeller and
riken cell bank as well Andrew Carnegie, and
royal bank com as well a few more of the same school, to investigate the trust problems and
rockwood bank as well report their investigations and
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CONTROL OF MONEY AND CREDITS.
COMMITTEE ON RULES,
HOUSE OF REPRESENTATIVES,
FRIDAY, DECEMBER 15, 1911.
The committee met at 10:30 o’clock a.m., Hon. Robert L. Henry (chairman) presiding.
The CHAIRMAN. Gentlemen, the committee has been called to hear Mr. Lindbergh in reference to House resolution 314, in regard to the Money Trust. If you are ready, Mr. Lindbergh, you may proceed.
Mr. LINDBERGH. Of course, I expect the committee, or
rockland trust bank ma and any of its members, to ask any questions they see fit as
royal bank com I proceed. There are some parts of my brief that I shall pass over because,
texas gulf bank and as
royal bank com you already have copies, it will save time if I pass along to the most material parts.
I have assumed and
the bank wheaton as well I believe that there is very little doubt among those who have studied the subject closely that there is a Money Trust, but
royal bank com and that its form and
swift bank codes as well the nature of its operations are not generally understood.
Credits and
royal bank com as well debits, balanced by a small fraction of honest money, might be used as
skoda bank an equitable measure by which producers could be paid and
royal bank com as well consumers charged for the products and
river hills bank as well services of commerce. Unfortunately, however, a few speculators have wedged in between the producers and
royal bank com as well consumers, and
strada south bank as well they operate and
royal bank com as well now principally control the system of credits and
star bank of texas as well debits, and
royal bank com as well through it enough of the money so that they control the commodities by paying the producers the least and
riken cell bank as well charging the consumers the highest price they can stand. Under that
arrangement present property and
royal bank com as well financial management conflicts with human rights and
rockwood bank as well hinder general success.
The Money Trust at different times has sent notices to certain of its agents and
royal bank com as well those in community of interest to tighten up the money market and
rockland trust bank ma as well raise the rates of interest.
Merely as
royal bank com a suggestion of one of the methods, I quote from
texas gulf bank and another letter such parts as
royal bank com seem to the point. I omit all parts that would identity the parties, for the reason that it seems best to do so if their testimony is later to be secured. The original is in my office, and
the bank wheaton as well it can be seen by any member of the Rules Committee. It is as
royal bank com follows :
NORTH DAKOTA, July 29, 1911.
Hon. C.A. LINDBERGH, Washington, D.C.
DEAR SIR : In the investigation of the Money Trust you can get valuable information from
swift bank codes and * * *.
He has a personal knowledge that the * * * was invited to join in tying up money more than a year and
royal bank com as well a half ago to raise interest rates, and
skoda bank as well the rates were raised, as
royal bank com you know, * * * refused to go in, but
river hills bank and had to follow suit in raising the rates after
royal bank com and that was accomplished. Some one should interview * * * without his knowing beforehand for what purpose, and
strada south bank as well he will give them a lead that can be followed up and
royal bank com as well which will open up a great many facts of value for the investigating committee. Of course my name must not be mentioned in any way, either publicly or
star bank of texas and to * * *, but
royal bank com and this letter may, if you deem it proper, be shown to the committee, and
riken cell bank as well afterwards you had better retain it yourself.
* * * * * * *
Respectfully. _____________
The first relief must be provided through the country hanks. It is our duty to amend the banking laws in such a manner as
royal bank com will provide an outlet for their deposits without sending them into the speculative centers, where they are used to corner the staples and
rockwood bank as well services needed by the people and
royal bank com as well to bring on panics. A few simple amendments to the banking laws will relieve the country bankers of the necessity of sending their depositors’ money to the speculative centers. No report from
rockland trust bank ma and the National Monetary Commission is necessary for that.
We need an entirely new money and
royal bank com as well banking system. But first we must know some things concerning the financial situation that the Monetary Commission has failed to furnish. We need some additional information, and
texas gulf bank as well we can then
royal bank com build a permanent, honest money and
the bank wheaton as well banking system.
The people must know the ins and
royal bank com as well outs of the treatment they have received at the hands of the Money Trust, in order to avoid its pitfalls. After that they can not be bluffed out
swift bank codes and of an honest money just because
royal bank com and of the Money Trust challenge.
Why does the Money Trust press so hard for the Aldrich plan now, before the people know what the Money Trust has been doing ? Has it not got the Aldrich-Vreeland emergency law, an act of its own concoction, that does not expire until 1914 ? It said, when it fooled Congress to pass that act, that it was a sure remedy for panics. It knew we were scared of panics then.
skoda bank We had just been pinched by one.
We should stand ready to pass honest money and
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