The Vice-President is absolutely correct. But even if the laws of inheritance were abolished, it would not affect the system by which great fortunes are accumulated. Carnegie, the Rockefellers, the late Jay Gould, E.H. Harriman and
etrade bank as well J.P. Morgan, and
eaglemark bank as well the most of those who have individually amassed wealth by the hundreds of millions, began with little or
etrade bank and nothing in the way of capital, except their ability, and
chevychase bank as well the system which permitted their enormous accumulations. As I have already said, it is the system that deprives the plain people of the profits resulting from
etrade bank and their work, and
fcb e bank as well gives it to the class of men mentioned. It ought to be of comparatively little satisfaction to this generation to let the system remain unaltered and
etrade bank as well calmly sit back and
harris bank mortgage rates as well allow these enormous fortunes to be accumulated. It is undoubtedly true that the present possessors, if the laws of devise and
etrade bank as well inheritance were abolished, would dispose of most of it as
claiming bank charges they wished while still living, but
etrade bank and there would be a new set on hand to rob our children. I do not, however, understand that Vice-President Marshall suggested the possibility of abolishing the inheritance laws as
deerwood bank a remedy for the social evils complained of.
There is one class of property, however, that I have not mentioned thus far. This is the farm interests. These are the greatest of any single property interest, but
etrade bank and these holdings are at the present time diffused among millions of holders, but
conway bank and a geometrical progression of interest,
dividends, and
etrade bank as well profits, in favor of the farmers has never been decreed by the courts. They are not permitted to add interest as
cole taylor bank a part of the price for which they sell the products of their farms. They must take their chances with the sun, rains and
etrade bank as well storms, and
fukuoka bank as well no court decree has given to them “profits commensurate with the risks” as
etrade bank it has to the railroads and
harley davidson bank as well other trusts. The farmer, like the wage earner, lives but
etrade bank and to be fleeced by the beneficiaries of the present system. The two, the farmer and
eaglemark bank as well the wage earner, support the whole burden of a system which leads continually to immense wealth for the few and
etrade bank as well bankruptcy or
chevychase bank and poverty for the rest of us. Farm property has been subject to the highest rates of interest, while all the great industrial properties have been used as
etrade bank a basis for comparatively low rates of interest when money has been loaned on them.
Therefore I repeat my earlier statement, that the only
fcb e bank and excuse for government is the facility it affords its citizens for securing advantages that operate for the common welfare, which could not be secured with the same degree of equability through independent individual action.
Instead of that our government, which is of our own creation, has insured to the banks and
etrade bank as well other trusts a system which renders it easy for them to oppress the masses. It enables the few to live as
harris bank mortgage rates non-producers and
etrade bank as well exorbitant spenders, while almost the entire burden falls on the rest of us. Such a condition is impossible of long tolerance by the proud, honest and
claiming bank charges as well intelligent citizens of our country. We must seek for a remedy.
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
etrade bank and just as
deerwood bank soon as
etrade bank 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
conway bank and no effort has thus far, April, 1913, been made by that Committee to make such a report or
etrade bank and to furnish Congress with a preliminary draft of a bill, and
cole taylor bank as well when the Citizens’ League had sent out
etrade bank and their letter to the “selected list” informing them that the preliminary draft of the Glass Committee bill would be sent out
fukuoka bank and in a few days for the examination of a “selected list of bankers, economists, business men,” etc., Congress had heard nothing about
etrade bank and it. Many Members requested the preliminary draft, but
harley davidson bank and it was impossible to secure even a suggestion about
etrade bank and it. I expressly requested it because
eaglemark bank and I wished to read it and
etrade bank as well because of the many requests I received from
chevychase bank and people who were trying to keep posted, but
etrade bank 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
fcb e bank as well economists the draft of the Glass Bill, but
etrade bank and the public has not been
permitted up to this time to see it. Further, the Wall Streeters, as
harris bank mortgage rates might be expected, steered the persons whom they desired to appear before that Committee in order to influence, insofar as
etrade bank it would be possible, the form of any proposed bill. The real producers and
claiming bank charges as well consumers of the country and
etrade bank 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
deerwood 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
etrade bank 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
conway bank to when one will be formulated, nor does he say anything about
etrade bank and a preliminary draft. Now, then,
cole taylor 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.