Other People's Money: And how the Bankers Use it"The great monopoly in this country is the money monopoly. So long as that exists, our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their actions be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who, necessarily, by every reason of their own limitations, chill and check and destroy genuine economic freedom. This is the greatest question of all; and to this, statesmen must address themselves with an earnest determination to serve the long future and the true hberties of men." The Pujo Committee -- appointed in 1912 -- found: "Far more dangerous than all that has happened to us in the past in the way of ehmination of competition in industry is the control of credit through the domination of these groups over our banks and industries."... "Whether under a different currency system the resources in our banks would be greater or less is comparatively immaterial if they continue to be controlled by a small group."... |
From inside the book
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... less upon reason than upon the amount of knowl- edge displayed of what actually happens to women when they are overworked - which , while not arithmetic , is built on the same intellectual quality . Nearly two years before Mr. Mellen ...
... less upon reason than upon the amount of knowl- edge displayed of what actually happens to women when they are overworked - which , while not arithmetic , is built on the same intellectual quality . Nearly two years before Mr. Mellen ...
... less notable than the intellect and the constructive ability that have gone into Mr. Brandeis's work are the exceptional moral quali- ties . Any powerful and entirely sincere crusader must sacrifice much . Mr. Brandeis has sacrificed ...
... less is comparatively immaterial if they continue to be controlled by a small group . " " It is impossible that there should be compe- tition with all the facilities for raising money or selling large issues of bonds in the hands of ...
... less obvi affiliations -- through stockholdings , voting tru and interlocking directorates - of banking ins tutions which are not legally connected ; a the joint transactions , gentlemen's agreemen and " banking ethics " which eliminate ...