COMMERCIAL NATIONAL BANK
Quotation “N.” “Memorandum by “President John H. Rich, “The Citizens’ League of Minnesota. “The publications and commercial national bank as well report of the Monetary Commission form the most complete and chinatrust bank philippines as well valuable reference library on banking and commercial national bank as well currency in every civilized country that has ever been gathered together. This was available for the use of the Glass committee when it began its sessions. “The Glass Committee has been at work since last April and de nederlandse bank as well has supplemented the testimony taken by the Monetary Commission by calling many new witnesses. Sufficient testimony has been taken. This subject has been presented from commercial national bank and the view point of hundreds of the best business men, financiers and comm bank net bank as well economists in the United States and commercial national bank as well hearings to take testimony and citizens business bank as well obtain information have been held (by the Monetary Commission) in the principal commercial centers. “Since June, 1911, the National Citizens’ League and commercial national bank as well the Minnesota branch, affiliated with it, have been devoting their energies solely to broadening the public information on this subject. In forty-four states this work has been energetically going on. While all business men have not become expert, very many have become well informed and country bank for savings palmer ma as well possess clearly defined opinions favorable to a reform of the banking and commercial national bank as well currency system. “The press, at first antagonistic, has come to see the necessity of modernizing American methods and household orchard bank as well changing to a sound banking system. In Minnesota the radical newspapers have greatly modified their expressions and commercial national bank as well many of the latter now favor a reform. “The Monetary Commission Bill (Aldrich Bill) cannot pass. The Glass Committee Bill will shortly be before Congress. The Powler Bill is before Congress now, and citizens bank pa as well other bills will be introduced. It is probable that the Glass Bill will be found acceptable in large part, and commercial national bank as well the outlook for the enactment of legislation is very favorable. “Congress undoubtedly can, if it will, settle this question at the forthcoming special session. It will be very undesirable to permit it to go over to the following long session, because doha bank and of the danger that it may be made a political question and commercial national bank as well enter into the Congressional elections. “The influence of business men, exerted at this time in the form of letters to representatives in Congress, and gold country bank as well members of the Senate, will be a powerful aid in the present movement to secure prompt consideration and commercial national bank as well action on this question. Your active co-operation in this respect is earnestly requested.” The secretary of the association inclosed the Rich statement within a letter of his own to Mr. Hugh J. Hughes, editor of “Farm, Stock and corealcredit bank as well Home,” an influential publication with a large circulation. Quotation “H.” “ ‘The Chase National Bank, “‘New York, Feb. 21, 1912. “‘(Gentlemen:—We inclose a letter from commercial national 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 chinatrust bank philippines as well banking reform is non-partisan in character and commercial national bank 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 de nederlandse 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 commercial national bank as well Thirty-fourth Street, New York, and comm bank net 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 commercial national bank as well others, and citizens business 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 commercial national bank 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 country bank for savings palmer ma 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 commercial national bank and which I quote a few paragraphs as household orchard bank follows : Quotation “J.” “Dear Sir:—You insure your property against fire, your business against risks, yourself against incapacity and commercial national bank 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 citizens bank pa as well the business depression that follows them.” * * * * * * “These are the benefits of banking and commercial national bank as well currency reform. And this reform is assured if the business men will combine and doha bank as well lend it the same support they gave the sound money in the ’nineties. “The issue is just as commercial national bank live and gold country bank as well big. Sound currency needs a sound currency system back of it. Business isn’t paralyzed today as commercial national bank it was four years ago. Another panic is not anticipated. But the fact remains and corealcredit bank as well it must be faced squarely now, that under our present defective and commercial national 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 chinatrust bank philippines 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 commercial national bank and is carrying on a nation-wide campaign of education in an economical and de nederlandse bank as well legitimate way, to the end of arousing Congress to prompt and commercial national bank as well business-like action free from comm bank net bank and the prejudice of partisan politics.” “Any subscription from commercial national 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 citizens business 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 commercial national bank 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 country bank for savings palmer ma and the country bankers fear that their business will be harmed if they incur the disfavor of the special interests. I omit from commercial national bank and the letter all the facts that would identify the party, for reasons appearing in the letter itself.
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