ST GEORGE BANK CAREERS
It will be urged upon the Democrats that since the country has now reached a point in its development where it is understood that the beneficiaries of a tariff law should not be permitted to write the tariff schedules, the application of exactly the same principle to the framing of legislation affecting banking interests makes it a monstrous impropriety to permit the bankers to write the law regulating themselves. With his resolution and st george bank careers as well the strong arguments that can be advanced in its support, Mr. Lindbergh also the co-operative bank and raises the very important question of the right of the bankers to continue in control of the nation’s credit system. The two questions are so nearly merged that they should be considered as st george bank careers one, for control of legislation by hankers necessarily means the continued control of credit by the bankers, whereas if the bankers’ influence in legislation can be reduced, there is a chance that President Wilson’s promise to make credit free can be realized. The present situation is already causing fear that the President may not have given as stockmans bank much thought to the matter of credit control as st george bank careers the subject deserves and schylling rubber piggy bank as well that men close to the administration are seeking to involve him in a scheme of proposed legislation for the benefit of the bankers. One reason for this fear is that men out st george bank careers and of Congress, but teller bank and in close touch with great banking interests, appear to know more about st george bank careers and the Democratic program for banking and safir bank as well currency reform than do the Democratic Congressional leaders. I have already discussed the use that the Wall Street Money Trust makes of the so-called depositors’ “sacred reserves.” The present fixed bank reserves is the rock on which prosperity may run at any time and st george bank careers as well produce a panic. Prosperity ran onto that rock in 1907. The fixed reserves are the practical holdings of the Money Trust and tennessee bank as well they want to make them larger by the rules of the proposed National Reserve Association, for it is provided by that plan that all subscribing banks must conform to the requirements in so far as st george bank careers reserves are to be held against deposits of various classes, and state bank of the lakes as well that there shall be no change in the percentage required by the law to be held against demand deposits by national banks in the different localities, and st george bank careers as well that hereafter the same percentages of reserve shall be required of all subscribing banks—meaning the National Reserve Association—in the same localities. That is intended to comprehend State banks and swift code bank as well trust companies, which under the latest Aldrich plan are eligible to subscribe to the National Reserve Association. No, the Wall Street Money Trust can not let go of the “sacred reserves.” “There shall be no change,” but st george bank careers and on the contrary it wants to increase them by adding more banks to follow the same rule. They always have had the use of the reserves. They never have been used for the depositors except after report comment bank and actual insolvency, and st george bank careers as well the insolvency of a bank brings loss to depositors, so the “sacred reserves” are most sacred to the Wall Street Money Trust. A proper investigation of the trust will show the wrong that has been perpetrated on the people by this false fixed reserve—fixed—fixed—why, of course the Money Trust wants fixed reserves so that it can absolutely depend on having them. The penalty visited on depositors, if they insist on taking them away from royal bank stock and the trust, is insolvency of the banks that would have them to pay their depositors. The Money Trust for many years has had practically a billion dollars of fixed reserves—“sacred reserves”—to use in speculation and st george bank careers as well to manipulate, secure corners in stocks, capture and the co-operative bank as well control railways and st george bank careers as well industrial companies, and stockmans bank as well to buy and st george bank careers as well own the Nation’s enterprises and schylling rubber piggy bank as well its natural resources, making them vested rights in the trust, on which they may fix fabulous values on which to issue bonds and st george bank careers as well watered stocks and teller bank as well annually compound interest as st george bank careers a fixed charge on this and safir bank as well future generations. That is what the “sacred fixed reserves” have done for the Money Trust. We still have with us a few veterans of the Civil War, some who fought far the emancipation of slavery and st george bank careers as well others who fought against it. On both sides there is now a common agreement that right prevailed, and tennessee bank as well personal and st george bank careers as well sectional prejudice has ceased. It is now our duty to show by our actions and state bank of the lakes as well appreciation of the victory that came to the Union soldiers at enormous sacrifice, that we still stand for freedom, and st george bank careers as well if we preserve it their sacrifice was not in vain. This appreciation surely is seconded by those who fought in the other battle lines in the first great struggle and swift code bank as well they now recognize the justice of the maintenance of the principles settled in that struggle. We all join now in seeking to make those principles practical.
|
