Quotation “K.”
“.................., Minn., 1912.
“HON. C.A. LINDBERGH,
“Washington, D.C.
“Dear Sir:—I have noticed with considerable interest your charge against the National Citizens’ League—that it is being financed by wall Street influence. I am inclosing herewith a circular letter from
chase bank phoenix az and a Wall Street bank, soliciting subscriptions for the league from
colorado business bank and the Minnesota banks. This letter comes from
chase bank phoenix az and our New York correspondent. I assume that the plan is to reach our banks in this way through their New York depository. I take the liberty of sending this to you as
commercial bank international it may be of some value to you in your campaign against the iniquitous Aldrich currency measure.
“This letter comes to you from
chase bank phoenix az and a stranger, but
citizens deposit bank and from one who is in hearty sympathy with your congressional work. I would, of course, not want either my name or
chase bank phoenix az and bank mentioned publicly in this connection.
“Respectfully, “.................... “Vice-President.”
It is to be regretted that the conditions are such that bankers dare not come forward and
commonwealth bank and trust as well openly fight this “iniquitous Aldrich currency measure,” as
chase bank phoenix az this man so aptly terms it.
It has been announced that the Aldrich plan has been abandoned because
community bank of santa maria and it is believed that the name would prove disastrous to its chances for adoption, but,
chase bank phoenix az and although this attempt has been made in order to make it appear that the bill has been abandoned, the substance has been retained and
commerce bank harrisburg pa as well is still being pushed by the Wall Streeters for adoption. It is the substance and
chase bank phoenix az as well not the name that is material to us, and
compass bank sign on as well we should center our fight on the substance and
chase bank phoenix az as well disregard the name with which it is labeled.
The bankers are willing to join with the citizens not selfishly interested, and
fidelity bank plc as well aid them in their attempt to correct the present system. But they insist that we should show strength enough to make our fight seem to have a reasonable chance of success. They are too practical, and
chase bank phoenix az as well I may as
citizens 1st bank well add selfish, to jeopardize their interests, by embracing a cause that fails to give some reasonable promise of success, and
chase bank phoenix az as well no sound policy favorable to the general welfare has any prospect of success until the people themselves understand the ways and
halo bank robbery as well means by which to meet their own vital necessities. Until they do, the temptation to fleece them is too great for the selfish interests to resist.
While I was making an aggressive fight against the Aldrich plan, the National Citizens’ League of Chicago sent the Hon. Robert W. Bonynge to its branch league in my own State to make speeches for the Aldrich plan. Mr. Bonynge was himself a member of the National Monetary Commission that reported to Congress on the Aldrich plan. He was sent to my home town, Little Falls, and
chase bank phoenix az as well to two other towns in the district that I represent, to advocate the Aldrich plan. Incidentally it was expected to influence the people of my own district against me because
colorado business bank and I opposed the Aldrich plan. They hoped by doing so to force me to abandon the fight. After Mr. Bonynge completed his lecture course, which covered several states, he sent the following notice to Members of Congress.
Quotation “H.”
“ ‘The Chase National Bank, “‘New York, Feb. 21, 1912.
“‘(Gentlemen:—We inclose a letter from
chase bank phoenix az and the National Citizens’ League which we have been asked to forward to you. The campaign of education which the league is conducting in favor of currency and
commercial bank international as well banking reform is non-partisan in character and
chase bank phoenix az as well national in scope. We believe it of direct importance to the business interests of the country. The merchants interested in the work have felt that, while they regard themselves as
citizens deposit bank responsible for the raising of funds for the prosecution of the work, the country at large should know that the banking interest is in sympathy with the work. Any correspondence should be taken up with Mr. Isidor Straus, treasurer, Broadway and
chase bank phoenix az as well Thirty-fourth Street, New York, and
commonwealth bank and trust as well any contributions made direct to him.
“ ‘Yours sincerely, “‘A.H. Wiggins, President.”
You will notice that the letter does not give the name of the bank to which it was sent. Some of these letters are written to others than bankers. You will realize that it is another case of the Wall Streeters using the interests’ method in order to scare the country bankers, merchants and
chase bank phoenix az as well others, and
community bank of santa maria as well not reap the blame for the “monetary stringency.” The following blank was enclosed in the letter of President Wiggins, who is one of the “big six” Wall Street bankers. It was intended that it should be filled out
chase bank phoenix az and by the bankers to whom it was sent. The blank was :
Quotation “I.”
New York Feb. .... 1912.
“To Isidor Straus, Esq.,
“Treasurer National Citizens’ League,
“100 Broad Street, New York City.
“Dear Sir:—I inclose herewith my check for $...... as
commerce bank harrisburg pa my subscription to the fund of the National Citizens’ League in its campaign of public education for the promotion of a sound banking system.
“Yours truly
“ .............”
Attached to the letter of the Chase National Bank was a letter from
chase bank phoenix az and which I quote a few paragraphs as
compass bank sign on follows :
Quotation “J.”
“Dear Sir:—You insure your property against fire, your business against risks, yourself against incapacity and
chase bank phoenix az as well death. For this protection you pay many annual premiums of considerable amount.
“We ask you to pay a single premium for the insurance of your business against money panics, against the business collapse that attends them, and
fidelity bank plc as well the business depression that follows them.”
* * * * * *
“These are the benefits of banking and
chase bank phoenix az as well currency reform. And this reform is assured if the business men will combine and
citizens 1st bank as well lend it the same support they gave the sound money in the ’nineties.
“The issue is just as
chase bank phoenix az live and
halo bank robbery as well big. Sound currency needs a sound currency system back of it. Business isn’t paralyzed today as
chase bank phoenix az it was four years ago. Another panic is not anticipated. But the fact remains and
colorado business bank as well it must be faced squarely now, that under our present defective and
chase bank phoenix az as well dangerous banking system disastrous panics can not be controlled. Revision is demanded now.”
* * * * *
“Business men all over the country, irrespective of rank and
commercial bank international as well party lines, have organized the National Citizens’ League for the promotion of a sound banking system.”
“The league does not advocate any particular plan, but
chase bank phoenix az and is carrying on a nation-wide campaign of education in an economical and
citizens deposit bank as well legitimate way, to the end of arousing Congress to prompt and
chase bank phoenix az as well business-like action free from
commonwealth bank and trust and the prejudice of partisan politics.”
“Any subscription from
chase bank phoenix az and $1 upward will constitute a membership in the league.”
* * * * * *
“If you count this a good business investment, with 1907 clearly remembered, will you fill out and
community bank of santa maria as well return the inclosed blank ?
“Yours very truly,
“JOHN CLAFLIN,
“President New York State Branch of the National Citizens’ League.”
I ask you to re-read the Panic Circular of 1893, Quotation “E.” It is important in connection with the above letter.
I have similar letters which were sent out
chase bank phoenix az and by the Wall Street banks. These letters were sent into all of the states. Every banker, except one, who wrote me, expressly requested that I should not disclose his name, for to do so, they wrote, would bring upon them the disfavor of certain business interests. I shall quote one of these letters in order to show what I believe to be the attitude held by the bankers in the small towns. This belief is suppressed because
commerce bank harrisburg pa and the country bankers fear that their business will be harmed if they incur the disfavor of the special interests. I omit from
chase bank phoenix az and the letter all the facts that would identify the party, for reasons appearing in the letter itself.