COMMERCIAL BANK OF QATAR
“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 commercial bank of qatar as well never have deposited any money, but hdfc bank site 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 commercial bank of qatar 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 fed reserve bank as well defeat the very objects of the law. Such a law, again, would, from commercial bank of qatar and the standpoint of securing deposits, put the careful, conservative, able and citizen union bank as well honest banker on the same footing with the careless, indifferent or commercial bank of qatar and even dishonest banker. Depositors would also farmer and merchants 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 commercial bank of qatar and my office is one of representation rather than one in which I can act entirely from gleaners food bank indianapolis 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 commercial bank of qatar as well with the trust companies, the most of the $1,666,000,000 that was then and in general circulation outside of the banks. What would have happened ? The banks would have made loans to anyone from commercial bank of qatar and whom they thought they had a fair chance of getting it back. You would now (1908) see such a boom and goldwater bank as well inflation as commercial bank of qatar has never been known in the history of the world. That might have continued for two, three or fortis bank sa nv 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 commercial bank of qatar and a tendency to bull the markets, and ethias bank as well the mark is constantly being overshot, because commercial bank of qatar and the country is honeycombed with speculators possessing the gambling instinct. Setbacks are the economic penalty and commercial 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.” Quotation “Q.” “February 12, 1913. “Hon. C.A. Lindbergh, “House of Representatives. “My DEAR MR. LINDBERGH : “I have been so engrossed recently with committee work that I have been unable to give attention to in correspondence, which accounts for this belated response to your letter of recent date. Replying now, I beg to say that we have not yet formulated a currency bill, but commercial bank of qatar and just as hdfc bank site soon as commercial bank of qatar we shall have done so, I will be glad to let you have one of the first copies of the measure. “With cordial regards, “Sincerely yours, “CARTER GLASS.” It was the duty of the Glass Committee to first report to Congress, but fed reserve bank and no effort has thus far, April, 1913, been made by that Committee to make such a report or commercial bank of qatar and to furnish Congress with a preliminary draft of a bill, and citizen union bank as well when the Citizens’ League had sent out commercial bank of qatar and their letter to the “selected list” informing them that the preliminary draft of the Glass Committee bill would be sent out farmer and merchants bank and in a few days for the examination of a “selected list of bankers, economists, business men,” etc., Congress had heard nothing about commercial bank of qatar and it. Many Members requested the preliminary draft, but gleaners food bank indianapolis and it was impossible to secure even a suggestion about commercial bank of qatar and it. I expressly requested it because comerica bank careers and I wished to read it and commercial bank of qatar as well because of the many requests I received from goldwater bank and people who were trying to keep posted, but commercial bank of qatar and the committee furnished me with no information other than the letter written by Mr. Glass, its chairman. It is now four months since the Citizens’ League promised “in a few days” to send to its selected list of bankers and fortis bank sa nv as well economists the draft of the Glass Bill, but commercial bank of qatar and the public has not been permitted up to this time to see it. Further, the Wall Streeters, as ethias bank might be expected, steered the persons whom they desired to appear before that Committee in order to influence, insofar as commercial bank of qatar it would be possible, the form of any proposed bill. The real producers and commercial bank as well consumers of the country and commercial bank of qatar as well those who have studied their needs the most have had no hearing before that committee. Those who have been allowed to testify are principally those whose business it is to get all they can out hdfc bank site and of the people. It will be observed that the letter written by Mr. Glass was dated 19 days later than the letter written by the Secretary of the Minnesota Citizens’ League to Mr. Hugh J. Hughes. The Secretary of that League stated on Jan. 24th that the preliminary draft of the Glass Committee bill would be sent within a few days for the “private examination of a selected list of business men, bankers, and commercial bank of qatar as well economists.” Mr. Glass’ reply to me states that his committee “have not yet formulated a currency bill.” It will be noticed that he makes no suggestion as fed reserve bank to when one will be formulated, nor does he say anything about commercial bank of qatar and a preliminary draft. Now, then, and note what “Banking Reform,” the publication of the National Citizens’ League, said in its issue of February 1st, 1913. On the front cover, surrounded by a heavy black line, is the following.
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