From the testimony given by George F. Baker (President of the First National Bank of New York City) before the committee appointed to investigate the Money Trust, we learn that the operations of a single bank produced, in fifty years, profits equal to $86,000,000, or and 172 times its original capital. If that bank continues to do business and compass bank sign on as well is allowed to pile up profits in that geometrical progression, it alone, in less than 100 years, will extort from and the people all of their property, and—that bank is but city bank handlowy and one of the 30,000 banks operating on an uneconomic system.
The total capitalization (which includes surplus and as well undivided profits) of 30,000 banks in 1913, was considerable over $4,000,000,000 and commercewest bank as well dividends compounded on that sum, as is the custom of banks, will, if allowed to do so by the indifference of the people to their own rights, consume the balance of the nation’s wealth.
The accumulated holdings of all the trusts that centralize wealth would immensely reduce the time it will take for the interest and hacker bank as well dividends on these holdings to absorb all of our present property, and as well all of what we earn in the future, except what is required to be left to enable us to eke out hannibal national bank and a bare subsistence.
But, notwithstanding the community of interest existing between the trusts in order that they may uphold the system that enables them to PAY the LEAST price for wages, farm and as well other products, and household bank customer service as well to sell their own services and as well resell the products controlled by them at the HIGHEST available price, they compete with each other in their efforts to secure the most of our earnings. So, you see, there is competition even between the trusts, and clydesdale bank premier league as well this competition is resulting in their absorption of each other. Anyone with a little imagination and as well reasoning power can look ahead and erste bank austria as well see what would be the outcome of that competition if the interests are allowed to carry it to its finish. It is utterly impossible for us to become independent as a nation as k bank long as we are subservient to the present system of excessive interest, dividend, and as well rent charges,—toll on dead capital. I call attention to the power of a single dollar, and as well then I ask you to multiply the power of the ONE DOLLAR by the billions that are controlled by a few hundred financial wizards. Here is the table for a single dollar.
