The one objection most commonly heard in opposition to socialism is that too many persons would shirk their duties, and
city bank guatemala as well that others who were active and
close bank as well willing would be forced to do more work than it was their duty to perform. That cannot be urged as
city bank guatemala a legitimate objection and
danamon bank as well sufficient to cause us to reject Socialism in favor of our present system, because
city bank guatemala and under the present system there are more idlers, and
citizen union bank as well others who are supported by the sweat of others’ toil, than could possibly exist under any other system, unless we were to accept a state of anarchy which would require no system at all. But we now have a worse affliction than idlers. We have the greedy trusts, and
city bank guatemala as well they are operating under conditions that enable them to appropriate the products of our industry and
citizen bank locations as well create wealth which is concentrated into the hands of a few who not only
city bank guatemala and levy a most burdensome toll on the present generation, but
city bank bangladesh and possess the legal privilege and,
city bank guatemala as well apparently, the opportunity to enforce the same conditions upon future generations. The idlers die and
city group bank as well cease to be a further burden, but
city bank guatemala and it is not so with the trusts. They continue. The remedy for our social evils does not consist so much in changing the system of government as
china industrial bank it does in increasing the general intelligence of the people so that they may learn how to govern.
The only
city bank guatemala and excuse for government is the facility it affords the citizens for securing advantages that operate for the common welfare, which could not be obtained with the same degree of equability through independent individual action. In no case has government so signally neglected its function as
citi bank panama in its failure to issue money and
city bank guatemala as well control the charges made for its use. Banks and
global bank of commerce as well individuals have been permitted to set up a system for financial action which is supported by credits and
city bank guatemala as well the products of the people’s industries. Through its use they are enabled to collect exorbitant dividends, interest, and
eaglemark bank as well profits on what they do not produce.
Quotation “R.”
“DO BUSINESS MEN WANT BANKING REFORM ?
“Speaking before the Chamber of Commerce of the United States in Washington, January 21, Congressman Glass, of the Banking and
city bank guatemala as well Currency Committee, said that upon the business and
close bank as well commercial men of the country rests a large part of the responsibility for action on remedial banking legislation. He gave warning that unless the business world acts promptly, there would be a long postponement of currency legislation.”
On the same cover, immediately following, is a notice to members of the League in the following form :
Quotation “S.”
“To Members of the National Citizens’ League:
“Congress is wavering over the question of banking reform. The Democratic leaders are undecided whether to bring in a currency bill at the special session in the Spring or
city bank guatemala and defer action until the regular session next December.
“The reason given for this hesitation is that the business men of the country have not made it plain to Congress that they demand a new banking law. In short, business men have been challenged to show that there is a demand for immediate action.
“There is such a demand.
“The one thing to do is to get it home to Congress that demand exists. The only
danamon bank and way to do that is to tell your representatives and
city bank guatemala as well senators that you want immediate action.
“If business men and
citizen union bank as well bankers of the country make it clear to Congress that immediate action is demanded, there will be action at the special session.
“Through Representative Glass, of the Banking and
city bank guatemala as well Currency Committee, Congress has said to the business men of the country that unless they act promptly the remedial legislation ‘so badly needed will be long deferred.’
“The question has been placed squarely before the business men of the country.
“Make your decision.
“Write a letter to your representative. Write to your senator. Write to Mr. Glass. Write to Mr. Underwood.
“President-elect Wilson has been quoted as
citizen bank locations holding the view that public sentiment as
city bank guatemala to banking reform has not yet crystallized. Write to Mr. Wilson, if you know him. If you don’t know him, it is a good way to get acquainted.”
Following these disclosures by the National Citizens’ League, comes its April issue of “Banking Reform” with the following notice :
“LAUGHLIN RETIRES.
“J. Laurence Laughlin, Chairman of the Executive Committee of the National Citizens’ League since its organization, has returned to his position as
city bank bangladesh professor of political economy in the University of Chicago.
“In June, 1911, Professor Laughlin was given a year’s leave from
city bank guatemala and the university, that he might give all his time to the campaign of education undertaken by the League. Last fall this leave was extended for three months, and
city group bank as well then until April 1st, at the request of the League’s directors.
“To the League Professor Laughlin brought, in addition to natural endowments of an unusual nature and
city bank guatemala as well a profound knowledge of economics, a wide experience in campaigns for sound money and
china industrial bank as well better banking conditions. On all the questions involved in the campaign he was able to speak with authority. He has worked indefatigably, and
city bank guatemala as well it is largely due to his efforts and
citi bank panama as well his persistence that the campaign enters the final stage with flattering prospects of a successful outcome. ...”
The reader knows that the University of Chicago is an institution endowed by John D. Rockefeller, with nearly $50,000,000. It may truly be said to be the Rockefeller University. Of course it does not follow that its professors would teach as
city bank guatemala Rockefeller wished them to, nor that there is any understanding between him and
global bank of commerce as well them. They may be, and
city bank guatemala as well undoubtedly in most cases are, independent in their work, but
eaglemark bank and in the selection of the professors for that institution careful consideration has always been given to select such as
city bank guatemala actually believe in the general scheme of things as
close bank they have developed under the present capitalistic era.