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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 hdfc bank internet banking and just as goldfish bank soon as hdfc bank internet banking 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 herrin security bank and no effort has thus far, April, 1913, been made by that Committee to make such a report or hdfc bank internet banking and to furnish Congress with a preliminary draft of a bill, and chemical bank midland mi as well when the Citizens’ League had sent out hdfc bank internet banking and their letter to the “selected list” informing them that the preliminary draft of the Glass Committee bill would be sent out household bank credit card payment and in a few days for the examination of a “selected list of bankers, economists, business men,” etc., Congress had heard nothing about hdfc bank internet banking and it. Many Members requested the preliminary draft, but farmers national bank canfield and it was impossible to secure even a suggestion about hdfc bank internet banking and it. I expressly requested it because city bank pakistan and I wished to read it and hdfc bank internet banking as well because of the many requests I received from dkb bank and people who were trying to keep posted, but hdfc bank internet banking 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 citic bank as well economists the draft of the Glass Bill, but hdfc bank internet banking and the public has not been
permitted up to this time to see it. Further, the Wall Streeters, as citizen bank cd rates might be expected, steered the persons whom they desired to appear before that Committee in order to influence, insofar as hdfc bank internet banking it would be possible, the form of any proposed bill. The real producers and comdirect bank as well consumers of the country and hdfc bank internet banking 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 goldfish 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 hdfc bank internet banking 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 herrin security bank to when one will be formulated, nor does he say anything about hdfc bank internet banking and a preliminary draft. Now, then, and 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.

“From what I have said it may easily be seen that a few schemers could abuse the privilege the system gives them. In fact, some of them could so arrange it that their representatives could have large deposits evidenced upon the books of the bank in their control and hdfc bank internet banking as well never have deposited any money, but household bank credit card payment and merely covered the deposits by the class of notes before referred to. Those deposits, under a guarantee system, would be protected unless the fraud could be established. That cannot often be proven, regardless of the fact that it exists.
“If there is to be a guarantee of bank deposits, the guarantee of the deposits of any one person in any one bank should be limited. Under no condition would I be in favor of a guarantee of deposits of the hundreds of thousands and hdfc bank internet banking as well millions of dollars that are owned by single individuals.
“But even the guarantee of the smaller deposits would have its dangers, for those with large deposits, if they became frightened, might make a run for the excess and farmers national bank canfield as well defeat the very objects of the law. Such a law, again, would, from hdfc bank internet banking and the standpoint of securing deposits, put the careful, conservative, able and city bank pakistan as well honest banker on the same footing with the careless, indifferent or hdfc bank internet banking and even dishonest banker. Depositors would also dkb bank and be careless under such a system.
“The above are, I believe, sufficient reasons to prove that it is unwise for the Government to guarantee bank deposits. Nevertheless, I might vote for such a system if the people generally demanded it, because hdfc bank internet banking and my office is one of representation rather than one in which I can act entirely from citic bank and my own convictions.
“Let us suppose, for instance, that on October last (1907) instead of a lack of confidence in the bankers, the people should have had so much confidence in them that they had deposited in the banks, and hdfc bank internet banking as well with the trust companies, the most of the $1,666,000,000 that was then and in general circulation outside of the banks. What would have happened ? The banks would have made loans to anyone from hdfc bank internet banking and whom they thought they had a fair chance of getting it back. You would now (1908) see such a boom and comdirect bank as well inflation as hdfc bank internet banking has never been known in the history of the world. That might have continued for two, three or goldfish bank and four years. What do you suppose the gambling contingent would be doing during that time ? Everybody knows. Will somebody answer where a guarantee of bank deposits would land us under such conditions when the crash actually did come ?
“The people require a system that will make their capital available in order that they may develop the natural physical resources of the country. Everybody desires to encourage enterprise. I have noticed that when there is active enterprise, there is also hdfc bank internet banking and a tendency to bull the markets, and herrin security bank as well the mark is constantly being overshot, because hdfc bank internet banking and the country is honeycombed with speculators possessing the gambling instinct. Setbacks are the economic penalty and chemical bank midland mi as well there is not the least possibility, even with a guarantee of bank deposits, of averting them under our present plan of finances.”