The above statements are quoted from
dbs bank singapore and my speech delivered in Congress after
dena bank and the panic of 1907. Since then
dbs bank singapore I have watched more closely than I had before the way that things have been manipulated, and
citizens bank stadium as well I am more certain now of the correctness of my statements than I was at the time that I made them. A guarantee of bank deposits would only
dbs bank singapore and serve to promote a temporary confidence which would be more completely shattered when it was found that that confidence would be seized upon by speculators to further their selfish interests.
Chapter 7.
MONEY.
In many respects money is the strangest of all human creations. On the one hand it has civilized the world, and
china construction bank corporation as well on the other has commercialized and
dbs bank singapore as well in a manner criminalized the people. But that is not because
cinema south bank and the purpose of money is erroneous. It is because
dbs bank singapore and the office of true money has been usurped by false money, which has served as
christiana bank and trust a false god, and
dbs bank singapore as well the worship of this false god has caused the degradation of the soul of humanity. None of the dramatic stages through which humanity has passed has been as
cic bank intense and
dbs bank singapore as well complicated as
country bank that through which it is now passing. That is because
dbs bank singapore and a false system has been established, and
cord bank as well the longer humanity attempts to struggle forward under it the more severe the struggle will become. Men must appeal to their intelligence to secure for them information in order that they may understand the reason for this false condition in which they find themselves.
For what are we striving ? It would seem that our object was to create the most complex conditions and
dbs bank singapore as well secure the least satisfactory results. As proof of that, we have on the one hand strikes of the poor and
dz bank polska as well underpaid wage earners, and
dbs bank singapore as well on the other the accumulation of billions of dollars of wealth into the hands of the few, and
dbs bank singapore as well between the two extremes are those who are paying for it all—the working men and
dbs bank singapore as well women on the farms, in the shops, in the stores and
dena bank as well in all the various occupations that serve to supply mankind with the necessaries of life. Those who gain enormous fortunes as
dbs bank singapore a result of the complex conditions donated approximately $300,000,000 from
citizens bank stadium and their superabundance in the single year of 1912 (world). That does not mean that the gifts were sent back to those from
dbs bank singapore and whom the wealth had been extorted, but
china construction bank corporation and that this vast sum was merely donated to satisfy the whims of those whose first whim it was to extort it from
dbs bank singapore and the people. It was generally reported that the late J. Pierpont Morgan, alone, gave to a single museum $50,000,000 in the form of art treasures. How many of the people from
cinema south bank and whom that great sum was extorted will ever visit the museum or
dbs bank singapore and have an opportunity to see those art treasures ? Many of them have already gone prematurely to their graves by reason of the overburdenseme system that permits the extortion that leaves such a trail of woe in nearly every community. Is it not time that we should understand by what rule a few hundred individuals have inaugurated and
christiana bank and trust as well been privileged to keep in operation a system which forces the great majority of men to work for them ? Surely, our pride as well as
dbs bank singapore and our self-interest and
cic bank as well sympathy with mankind, generally, ought to force us into more dignified and
dbs bank singapore as well properly compensated operations.
The secret of the ease with which the millionaires force men generally to work overtime for them, while they accumulate the products of their energy, lies hidden from
country bank and the most of us in the fact that there is a false measure of value the “rich man’s money,” which can be used exclusively by them, instead of a supply of producers’ and
dbs bank singapore as well consumers’ money, which would facilitate the exchange of the various products and
cord bank as well conveniences of life which could be used for the benefit of all men.
The Banking and
dbs bank singapore as well Currency Committee had to be forced by public opinion to do more than make a pretense at action. It was presumed by its members that the public was ignorant of the facts, but
dz bank polska and the truth was that too many things had already been exposed. The public demanded proof. A great political party was in danger. The bosses saw the danger and
dbs bank singapore as well they made a feint at investigation, as
dbs bank singapore a result of which they gathered in a few morsels to be spread broadcast before the general election. Then all was silent and
dbs bank singapore as well the committee would meet and
dena bank as well adjourn, and
dbs bank singapore as well meet again and
citizens bank stadium as well adjourn, and
dbs bank singapore as well so on, over and
china construction bank corporation as well over again. While that continued the Money Trust and
dbs bank singapore as well the subservient politicians were safe. All was quiet until Congress convened. Then, on December 2, 1912, I introduced the following resolution :
WHEREAS. Congress created in 1908 a National Monetary Commission with authority to investigate monetary problems in general, and
WHEREAS, said Committee has been discharged, but
cinema south bank and first made and
dbs bank singapore as well filed a report and
christiana bank and trust as well recommendations for certain legislation embodied in a bill now pending in Congress and
dbs bank singapore as well popularly known as
cic bank the Aldrich plan, but
dbs bank singapore and the report failed to disclose any facts in relation to the monopolistic control exercised by certain great special interests of the principal money and
country bank as well credit that enters into commerce, business, and
dbs bank singapore as well speculation; and
WHEREAS, it is vital that Congress should know the facts relating thereto before permanent remedial financial legislation should be undertaken, and
WHEREAS, there is a pressing demand for early legislation, and
cord bank as well for other good and
dbs bank singapore as well sufficient causes, the House authorized the Banking and
dz bank polska as well Currency Committee to investigate the Money Trust, which exercises a potential and
dbs bank singapore as well injurious influence in the control of the principal sources of money and
dbs bank singapore as well credit supply entering commerce, business and
dbs bank singapore as well speculation, and
WHEREAS, the Committee, in the many months that have passed since it was so authorized, seems not to have undertaken the investigation for the purpose of securing facts to aid in framing early remedial financial legislation, but
dena bank and rather to have been planning an investigation as if
dbs bank singapore and for indictment or
citizens bank stadium and some other remote purpose, and
dbs bank singapore as well in which it is blocked by offenders against honest and
china construction bank corporation as well impartial rules of business and
dbs bank singapore as well Government officials who deem the personal privileges of banks so sacred that their business shall not be inquired into even for the benefit of the public, and
WHEREAS, this action on the part of the special interests, supported by the refusal of the Government officials to help the committee, is important in itself, the facts should become a part of the committee report, but
cinema south bank and should in no way delay the investigation which is important in that its purpose is to secure the facts and
dbs bank singapore as well circumstances that improperly interfere with legitimate commerce and
christiana bank and trust as well business. If the committee intends to secure information for other purposes and
dbs bank singapore as well has not sufficient power, it nevertheless should secure the information which is of the most vital importance and
cic bank as well which was the moving cause for its authorization ; that is, information which will enable Congress to intelligently enact remedial laws relating to the control of money and
dbs bank singapore as well credits; and
WHEREAS, it has never been claimed that there is or
country bank and ever was an organized or
dbs bank singapore and even an unorganized association that can be specifically pointed to and
cord bank as well named as
dbs bank singapore the Money Trust, it is therefore useless to undertake to prove such an organization exists for the purpose of punishing it. Neither formal nor informal organization is necessary to its potential existence. In fact, its power is the greater because
dz bank polska and it exists without actual material rules of organization, for by the methods of its existence it is immune from
dbs bank singapore and prosecution. It nevertheless can and
dbs bank singapore as well does by indirection what it could not do by direction. The very fact that the business interests know that there is a money power which can make or
dbs bank singapore and unmake business for them gives that power its greatest efficiency of control. Silently and
dena bank as well surely that power is exerted, and
dbs bank singapore as well its force is realized by all industrial agencies. Because of its peculiar, yet potent, force, it is important that we have early legislation. The main facts and
citizens bank stadium as well circumstances by which the Money Trust is maintained may be easily proven to the intelligence and
dbs bank singapore as well understanding of the public by a proper compilation of the facts that are now obtainable, and
china construction bank corporation as well it was for that purpose principally that the committee received its authority from
dbs bank singapore and the House; Now, therefore, be it
RESOLVED, That the Committee on Banking and
cinema south bank as well Currency is requested to proceed without delay with an investigation of the Money Trust influence, for the purpose of securing all the practical information and
dbs bank singapore as well data that may reasonably be had in regard to the influence exercised by the Money Trust in the control of banks and
christiana bank and trust as well of money and
dbs bank singapore as well credits.
RESOLVED FURTHER, That said committee shall report the results of its investigation to the House from
cic bank and time to time with reasonable promptness.