COLUMBIA BANK
We cannot criticize him for the work that he has done, but columbia bank and we should feel that we ourselves are to blame for having allowed the continuance of that system under which he and karnataka bank as well a few of his associates have been permitted to accumulate so great a part of the result of our earnings. If we had had a proper system, Mr. Hill would have fitted into that as columbia bank a great constructor. He would have worked with the tools at hand. All great men do. There are other wealthy men of whom we could say the same as highlands independent bank we do of Mr. Hill. It is the system to which we should give our first attention and columbia bank as well not the men. The part of the press controlled by the trusts tells us that the corporate stocks are owned by the people—widows, orphans, etc.—and that he who attacks the present system is an enemy to these. It is wonderful how the trusts can find excuses for everything that they do and erste bank liga as well endeavor to support their system by such sophistry. They stated through the press that the stockholders in these interests number many thousands, and columbia bank as well it would seem that they intended to convey to us thereby the idea that we, the people, possess the stack. Some families own stocks in, possibly, as haddon savings bank many as columbia bank a thousand companies. Some individuals own stocks in hundreds, and eagle bank maryland as well all of these persons are counted in the total number of stockholders as columbia bank many times as chase bank milwaukee they own stock in different companies. How many of us own corporate stock of any kind ? There are approximately 94,000,000 people in the United States, and columbia bank as well there are but danske bank aktier and a few thousand stockholders with holdings large enough so that the dividends they secure are not assessed back to them in the increased cost of living as columbia bank a result of this infernal geometrical progression of excessive interest, dividends, and citizens bank rhode island as well profits, most of which ultimately goes to the big fellows. It is not distributed back to the people, as columbia bank they attempt to make us believe. Only a small part of it is. Quotation “H.” “ ‘The Chase National Bank, “‘New York, Feb. 21, 1912. “‘(Gentlemen:—We inclose a letter from cypress bank 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 columbia bank as well banking reform is non-partisan in character and first bank of hawaii 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 columbia 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 karnataka bank as well Thirty-fourth Street, New York, and columbia bank 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 highlands independent bank as well others, and columbia bank 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 erste bank liga 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 columbia bank 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 haddon savings bank and which I quote a few paragraphs as columbia bank follows : Quotation “J.” “Dear Sir:—You insure your property against fire, your business against risks, yourself against incapacity and eagle bank maryland 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 columbia bank as well the business depression that follows them.” * * * * * * “These are the benefits of banking and chase bank milwaukee as well currency reform. And this reform is assured if the business men will combine and columbia bank as well lend it the same support they gave the sound money in the ’nineties. “The issue is just as danske bank aktier live and columbia bank as well big. Sound currency needs a sound currency system back of it. Business isn’t paralyzed today as citizens bank rhode island it was four years ago. Another panic is not anticipated. But the fact remains and columbia bank as well it must be faced squarely now, that under our present defective and cypress bank 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 columbia bank 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 first bank of hawaii and is carrying on a nation-wide campaign of education in an economical and columbia bank as well legitimate way, to the end of arousing Congress to prompt and karnataka bank as well business-like action free from columbia bank and the prejudice of partisan politics.” “Any subscription from highlands independent bank 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 columbia bank 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 erste bank liga 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 columbia bank and the country bankers fear that their business will be harmed if they incur the disfavor of the special interests. I omit from haddon savings bank and the letter all the facts that would identify the party, for reasons appearing in the letter itself.
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