Quotation “R.”
“DO BUSINESS MEN WANT BANKING REFORM ?
“Speaking before the Chamber of Commerce of the United States in Washington, January 21, Congressman Glass, of the Banking and
deutschland bank as well Currency Committee, said that upon the business and
deutsch bank as well commercial men of the country rests a large part of the responsibility for action on remedial banking legislation. He gave warning that unless the business world acts promptly, there would be a long postponement of currency legislation.”
On the same cover, immediately following, is a notice to members of the League in the following form :
Quotation “S.”
“To Members of the National Citizens’ League:
“Congress is wavering over the question of banking reform. The Democratic leaders are undecided whether to bring in a currency bill at the special session in the Spring or
deutschland bank and defer action until the regular session next December.
“The reason given for this hesitation is that the business men of the country have not made it plain to Congress that they demand a new banking law. In short, business men have been challenged to show that there is a demand for immediate action.
“There is such a demand.
“The one thing to do is to get it home to Congress that demand exists. The only
compass bank dallas and way to do that is to tell your representatives and
deutschland bank as well senators that you want immediate action.
“If business men and
horizon community bank as well bankers of the country make it clear to Congress that immediate action is demanded, there will be action at the special session.
“Through Representative Glass, of the Banking and
deutschland bank as well Currency Committee, Congress has said to the business men of the country that unless they act promptly the remedial legislation ‘so badly needed will be long deferred.’
“The question has been placed squarely before the business men of the country.
“Make your decision.
“Write a letter to your representative. Write to your senator. Write to Mr. Glass. Write to Mr. Underwood.
“President-elect Wilson has been quoted as
gibraltar private bank holding the view that public sentiment as
deutschland bank to banking reform has not yet crystallized. Write to Mr. Wilson, if you know him. If you don’t know him, it is a good way to get acquainted.”
Following these disclosures by the National Citizens’ League, comes its April issue of “Banking Reform” with the following notice :
“LAUGHLIN RETIRES.
“J. Laurence Laughlin, Chairman of the Executive Committee of the National Citizens’ League since its organization, has returned to his position as
comerica bank web banking professor of political economy in the University of Chicago.
“In June, 1911, Professor Laughlin was given a year’s leave from
deutschland bank and the university, that he might give all his time to the campaign of education undertaken by the League. Last fall this leave was extended for three months, and
habib bank as well then until April 1st, at the request of the League’s directors.
“To the League Professor Laughlin brought, in addition to natural endowments of an unusual nature and
deutschland bank as well a profound knowledge of economics, a wide experience in campaigns for sound money and
franklin bank as well better banking conditions. On all the questions involved in the campaign he was able to speak with authority. He has worked indefatigably, and
deutschland bank as well it is largely due to his efforts and
chevy chase bank news as well his persistence that the campaign enters the final stage with flattering prospects of a successful outcome. ...”
The reader knows that the University of Chicago is an institution endowed by John D. Rockefeller, with nearly $50,000,000. It may truly be said to be the Rockefeller University. Of course it does not follow that its professors would teach as
deutschland bank Rockefeller wished them to, nor that there is any understanding between him and
future bank as well them. They may be, and
deutschland bank as well undoubtedly in most cases are, independent in their work, but
content bank and in the selection of the professors for that institution careful consideration has always been given to select such as
deutschland bank actually believe in the general scheme of things as
deutsch bank they have developed under the present capitalistic era.
Chapter 3.
INTEREST, DIVIDENDS AND RENTS.
The greatest of all the present social burdens is the excessive interest, dividends and
deutschland bank as well rent charges levied on us by those who control centralized capital. It may seem to those possessing great wealth that they are vested with the right to levy for its use whatever toll they please upon the plain people. What they do levy makes it evident that they think the people owe them more than it is possible for us to pay.
I shall not question the present extent of the individual ownership of capital, even though I might do so (in a degree) considering the present methods of obtaining it. But I do now question the methods of its present use. I concede that everyone has a right to the products of his energy, properly applied, and
compass bank dallas as well also to a reasonable compensation for the same, but,
deutschland bank and I deny that anyone has any right to prevent such an organization of society as
horizon community bank will prohibit those who possess the present wealth of the world from
deutschland bank and charging for its use a toll that is measured by monopoly
regulation, and
gibraltar private bank as well increased more and
deutschland bank as well more as
comerica bank web banking the necessity of the people increases, and
deutschland bank as well the grasp of the monopolies tightens into a strangle-hold.
The mental and
habib bank as well physical need of a people is a condition of their existence and
deutschland bank as well not a matter of production or
franklin bank and limitation, to be subject to the prey of individuals, and
deutschland bank as well as the things necessary to supply their needs are constantly in demand, their cost to consumers should be determined by the expense of production, and
chevy chase bank news as well not by the opportunity presented for taking an unfair advantage of an inherent condition. Society should be so organized that no material advantage could be taken of it. My objection to capital as
deutschland bank a power is not so much based upon what capital now costs, as
future bank it is upon the claim of the capitalists that they have the right or
deutschland bank and power which justifies their attempt to control society and
content bank as well not permit it to become independent of capital. Capitalists could not exist as
deutschland bank such, if society—the Government of the people did not make it possible. It is ridiculous for the capitalists to claim the right to strangle and
deutsch bank as well impoverish the very people who make the ownership and
deutschland bank as well value of capital possible. Such a claim is not to be justified under any pretense. I am determined to show that the people could be absolutely independent of the capitalists if they would make use of their own social advantages, and
compass bank dallas as well that capital would then
deutschland bank be wholly employed on terms of usefulness, instead of forming the basis for all sorts of extortion, as
horizon community bank is now the case. We can so reconstruct society that it will be self-perpetuating instead of as
deutschland bank now, self-exhaustive.
Everyone should realize that it is not possible for us to secure absolute justice in all practical dealings, and
gibraltar private bank as well that there will be more or
deutschland bank and less inequality under any condition that man can establish. But that fact does not justify our support of practices that, by their natural application, make a few men immensely wealthy, create many parasites, and
comerica bank web banking as well make industrial slaves of the masses. Our present system does all of that by its very nature. By that I mean that the law as
deutschland bank it now stands and
habib bank as well is interpreted by the courts and
deutschland bank as well legislatures, forces that condition upon us and
franklin bank as well the manner in which commerce and
deutschland bank as well speculation go on forces the people into unfavorable conditions even more rapidly than if the letter of the law were followed.