Quotation “N.”
“Memorandum by
“President John H. Rich,
“The Citizens’ League of Minnesota.
“The publications and
countrywide bank of america merger as well report of the Monetary Commission form the most complete and
enterprise bank lowell ma as well valuable reference library on banking and
countrywide bank of america merger 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
commerce bank employment 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
countrywide bank of america merger and the view point of hundreds of the best business men, financiers and
fibi bank as well economists in the United States and
countrywide bank of america merger as well hearings to take testimony and
city bank london as well obtain information have been held (by the Monetary Commission) in the principal commercial centers.
“Since June, 1911, the National Citizens’ League and
countrywide bank of america merger 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
commerce bank brooklyn ny as well possess clearly defined opinions favorable to a reform of the banking and
countrywide bank of america merger as well currency system.
“The press, at first antagonistic, has come to see the necessity of modernizing American methods and
global trust bank as well changing to a sound banking system. In Minnesota the radical newspapers have greatly modified their expressions and
countrywide bank of america merger 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
first nation bank as well other bills will be introduced. It is probable that the Glass Bill will be found acceptable in large part, and
countrywide bank of america merger 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
emirates bank group and of the danger that it may be made a political question and
countrywide bank of america merger 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
cottonport bank as well members of the Senate, will be a powerful aid in the present movement to secure prompt consideration and
countrywide bank of america merger 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
clay county savings bank as well Home,” an influential publication with a large circulation.
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
countrywide bank of america merger and a Wall Street bank, soliciting subscriptions for the league from
enterprise bank lowell ma and the Minnesota banks. This letter comes from
countrywide bank of america merger 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
commerce bank employment it may be of some value to you in your campaign against the iniquitous Aldrich currency measure.
“This letter comes to you from
countrywide bank of america merger and a stranger, but
fibi bank and from one who is in hearty sympathy with your congressional work. I would, of course, not want either my name or
countrywide bank of america merger 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
city bank london as well openly fight this “iniquitous Aldrich currency measure,” as
countrywide bank of america merger this man so aptly terms it.
It has been announced that the Aldrich plan has been abandoned because
commerce bank brooklyn ny and it is believed that the name would prove disastrous to its chances for adoption, but,
countrywide bank of america merger 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
global trust bank as well is still being pushed by the Wall Streeters for adoption. It is the substance and
countrywide bank of america merger as well not the name that is material to us, and
first nation bank as well we should center our fight on the substance and
countrywide bank of america merger as well disregard the name with which it is labeled.
The bankers are willing to join with the citizens not selfishly interested, and
emirates bank group 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
countrywide bank of america merger as well I may as
cottonport bank well add selfish, to jeopardize their interests, by embracing a cause that fails to give some reasonable promise of success, and
countrywide bank of america merger as well no sound policy favorable to the general welfare has any prospect of success until the people themselves understand the ways and
clay county savings 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
countrywide bank of america merger 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
enterprise bank lowell ma 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.