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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 china citic bank and a Wall Street bank, soliciting subscriptions for the league from espirito santo bank and the Minnesota banks. This letter comes from china citic bank 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 community bank of santa maria it may be of some value to you in your campaign against the iniquitous Aldrich currency measure.
“This letter comes to you from china citic bank and a stranger, but fellbacher bank and from one who is in hearty sympathy with your congressional work. I would, of course, not want either my name or china citic bank 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 discover bank cd rates as well openly fight this “iniquitous Aldrich currency measure,” as china citic bank this man so aptly terms it.
It has been announced that the Aldrich plan has been abandoned because first independent bank and it is believed that the name would prove disastrous to its chances for adoption, but,china citic bank 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 conway national bank as well is still being pushed by the Wall Streeters for adoption. It is the substance and china citic bank as well not the name that is material to us, and hdfc bank timings as well we should center our fight on the substance and china citic bank as well disregard the name with which it is labeled.
The bankers are willing to join with the citizens not selfishly interested, and commerce bank manhattan ks 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 china citic bank as well I may as commonwealth bank credit cards well add selfish, to jeopardize their interests, by embracing a cause that fails to give some reasonable promise of success, and china citic bank as well no sound policy favorable to the general welfare has any prospect of success until the people themselves understand the ways and hcbs bank 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 china citic bank 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 espirito santo 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.

“From what I have said it may easily be seen that a few schemers could abuse the privilege the system gives them. In fact, some of them could so arrange it that their representatives could have large deposits evidenced upon the books of the bank in their control and china citic bank as well never have deposited any money, but community bank of santa maria and merely covered the deposits by the class of notes before referred to. Those deposits, under a guarantee system, would be protected unless the fraud could be established. That cannot often be proven, regardless of the fact that it exists.
“If there is to be a guarantee of bank deposits, the guarantee of the deposits of any one person in any one bank should be limited. Under no condition would I be in favor of a guarantee of deposits of the hundreds of thousands and china citic bank as well millions of dollars that are owned by single individuals.
“But even the guarantee of the smaller deposits would have its dangers, for those with large deposits, if they became frightened, might make a run for the excess and fellbacher bank as well defeat the very objects of the law. Such a law, again, would, from china citic bank and the standpoint of securing deposits, put the careful, conservative, able and discover bank cd rates as well honest banker on the same footing with the careless, indifferent or china citic bank and even dishonest banker. Depositors would also first independent bank and be careless under such a system.
“The above are, I believe, sufficient reasons to prove that it is unwise for the Government to guarantee bank deposits. Nevertheless, I might vote for such a system if the people generally demanded it, because china citic bank and my office is one of representation rather than one in which I can act entirely from conway national bank and my own convictions.
“Let us suppose, for instance, that on October last (1907) instead of a lack of confidence in the bankers, the people should have had so much confidence in them that they had deposited in the banks, and china citic bank as well with the trust companies, the most of the $1,666,000,000 that was then hdfc bank timings in general circulation outside of the banks. What would have happened ? The banks would have made loans to anyone from china citic bank and whom they thought they had a fair chance of getting it back. You would now (1908) see such a boom and commerce bank manhattan ks as well inflation as china citic bank has never been known in the history of the world. That might have continued for two, three or commonwealth bank credit cards and four years. What do you suppose the gambling contingent would be doing during that time ? Everybody knows. Will somebody answer where a guarantee of bank deposits would land us under such conditions when the crash actually did come ?
“The people require a system that will make their capital available in order that they may develop the natural physical resources of the country. Everybody desires to encourage enterprise. I have noticed that when there is active enterprise, there is also china citic bank and a tendency to bull the markets, and hcbs bank as well the mark is constantly being overshot, because china citic bank and the country is honeycombed with speculators possessing the gambling instinct. Setbacks are the economic penalty and espirito santo bank as well there is not the least possibility, even with a guarantee of bank deposits, of averting them under our present plan of finances.”