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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 encore bank houston tx and just as first energy bank soon as encore bank houston tx 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 finata bank and no effort has thus far, April, 1913, been made by that Committee to make such a report or encore bank houston tx and to furnish Congress with a preliminary draft of a bill, and h und g bank as well when the Citizens’ League had sent out encore bank houston tx and their letter to the “selected list” informing them that the preliminary draft of the Glass Committee bill would be sent out city bank uae and in a few days for the examination of a “selected list of bankers, economists, business men,” etc., Congress had heard nothing about encore bank houston tx and it. Many Members requested the preliminary draft, but discover card bank and it was impossible to secure even a suggestion about encore bank houston tx and it. I expressly requested it because federal business development bank and I wished to read it and encore bank houston tx as well because of the many requests I received from heng seng bank and people who were trying to keep posted, but encore bank houston tx 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 karstadtquelle bank as well economists the draft of the Glass Bill, but encore bank houston tx and the public has not been permitted up to this time to see it. Further, the Wall Streeters, as colonial bank stock might be expected, steered the persons whom they desired to appear before that Committee in order to influence, insofar as encore bank houston tx it would be possible, the form of any proposed bill. The real producers and compass bank colorado as well consumers of the country and encore bank houston tx 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 first energy bank 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 encore bank houston tx 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 finata bank to when one will be formulated, nor does he say anything about encore bank houston tx and a preliminary draft. Now, then,h und g bank 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. The Banking and encore bank houston tx 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 city bank uae 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 encore bank houston tx as well they made a feint at investigation, as discover card bank a result of which they gathered in a few morsels to be spread broadcast before the general election. Then all was silent and encore bank houston tx as well the committee would meet and federal business development bank as well adjourn, and encore bank houston tx as well meet again and heng seng bank as well adjourn, and encore bank houston tx as well so on, over and karstadtquelle bank as well over again. While that continued the Money Trust and encore bank houston tx 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 colonial bank stock and first made and encore bank houston tx as well filed a report and compass bank colorado as well recommendations for certain legislation embodied in a bill now pending in Congress and encore bank houston tx as well popularly known as first energy bank the Aldrich plan, but encore bank houston tx 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 finata bank as well credit that enters into commerce, business, and encore bank houston tx 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 h und g bank as well for other good and encore bank houston tx as well sufficient causes, the House authorized the Banking and city bank uae as well Currency Committee to investigate the Money Trust, which exercises a potential and encore bank houston tx as well injurious influence in the control of the principal sources of money and discover card bank as well credit supply entering commerce, business and encore bank houston tx 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 federal business development bank and rather to have been planning an investigation as if encore bank houston tx and for indictment or heng seng bank and some other remote purpose, and encore bank houston tx as well in which it is blocked by offenders against honest and karstadtquelle bank as well impartial rules of business and encore bank houston tx 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 colonial bank stock and should in no way delay the investigation which is important in that its purpose is to secure the facts and encore bank houston tx as well circumstances that improperly interfere with legitimate commerce and compass bank colorado as well business. If the committee intends to secure information for other purposes and encore bank houston tx as well has not sufficient power, it nevertheless should secure the information which is of the most vital importance and first energy 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 encore bank houston tx as well credits; and WHEREAS, it has never been claimed that there is or finata bank and ever was an organized or encore bank houston tx and even an unorganized association that can be specifically pointed to and h und g bank as well named as encore bank houston tx 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 city bank uae and it exists without actual material rules of organization, for by the methods of its existence it is immune from encore bank houston tx and prosecution. It nevertheless can and discover card bank 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 encore bank houston tx and unmake business for them gives that power its greatest efficiency of control. Silently and federal business development bank as well surely that power is exerted, and encore bank houston tx 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 heng seng bank as well circumstances by which the Money Trust is maintained may be easily proven to the intelligence and encore bank houston tx as well understanding of the public by a proper compilation of the facts that are now obtainable, and karstadtquelle bank as well it was for that purpose principally that the committee received its authority from encore bank houston tx and the House; Now, therefore, be it RESOLVED, That the Committee on Banking and colonial bank stock 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 encore bank houston tx as well data that may reasonably be had in regard to the influence exercised by the Money Trust in the control of banks and compass bank colorado as well of money and encore bank houston tx as well credits. RESOLVED FURTHER, That said committee shall report the results of its investigation to the House from first energy bank and time to time with reasonable promptness.
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