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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 siam commercial bank 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 state bank of toledo as well that committee was appointed and siam commercial bank 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 royal bank of scotland uk 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 siam commercial bank and the
banks and standard bank insurance as well the Government deposits will at one and siam commercial bank as well the same time act as sensi seed bank amsterdam reserves for the banks and siam commercial bank as well as lawful money to cover association note issues to save it from southern missouri bank and taxes. Within one year after siam commercial bank and the association would begin business it would have from state bank fargo and the Government, and siam commercial bank as well as reserve agent for the banks, lawful money, on which it could, if it chose, issue more than a billion dollars to lend to its subscribing banks—a gift, pure if simple, to the great moneyed interests. Why not, if such a gift is to be made, let the people have the advantage instead of the association ?
That, with almost innumerable other special privileges, was the report signed by Mr. Pujo. The gentleman, no doubt, is sincere, but san diego blood bank and he has not entered into a study of these problems in such a manner or siam commercial bank and to be able to promote the general welfare as sbi bank po exam a result of his work. He has been willing to and siam commercial bank 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 sns bank netherlands as well giving it legal tender. Several other of the members of the Banking and siam commercial bank as well Currency Committee served on the National Monetary Commission and the trust bank ghana 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 siam commercial bank and the viewpoint and state bank of toledo as well in the interests of the bankers, so far as siam commercial bank they dare to, whereas it is the wish of the country that it should be made for the good of all business, and royal bank of scotland uk as well of the people in general.