The midland journal. (Rising Sun, Md.) 1885-1947, 1899-12-01
Money Kings and Bankers.

The great bankers, such as the Roths.
childs, Morgans and others of their class
confine their dealings TO banks on the
one hand, and the great bondholders Of
the world on the other. They do ali
enormous brokerage business in financing
great enterprises such as railroads and
placing loans for nations, states and MN.
inequalities They usually collect the
interest for those who purchase securities
through them, and thus have fabulous
sums OF money constantly passing through
their hands. Their commissions on the
enormous transactions of each year
amount to a princely sum. Their Gus
toners are the idle holders of securities
who are interested in making money dear
aud human life cheap. The ordinary
banks that transact business with cor.
porations, firms and individuals in the
large cities and towns are to consider
able degree sub-agencies for the great
financial institutions of the money
centers.
Under the modern system of banking
where transactions are four-6fths credit
and one-fifth cash the smaller banks
which deal with the people cannot stand
independent of the large banks whose
dealings are exclusively with other banks.
Hence the banks of the country generally
are the slaves of the great financial insti-
tutlons at the great business centers. The
business men in turn are slaves to the
banks they deal with because shake of
the head by the banker is often all that is
necessary TO cause them great loss, if not
to plunge them into bankruptcy.
Under such circumstances the will of
the money kings becomes law, and the
small banker dares not entertain a
thought that is displeasing to them. 1t is
indispensable TO the average bank to
maintain a good credit with the great
financial institutions at the money centers.
Without this they cannot stand. There
fore the average banker would as soon
think of abandoning his business as of
permitting the great financiers, upon
whose will they are dependent for success
IN their business, TO learn that they en-
terrain views regarding the standard of
value or the money question in general
that their masters would consider
heretical.
Again large majority Of the men en-.
QAURd the hapl InC h,,ci,,aee
whom the money. getting instinct is large
and who are content to think only Of
such things as are conducive to their
immediate success. The qualifications
that fit men for the greatest success in
banking are such as would unfit them for
success i'll general business. The success
of banker depends upon his being con.
sldered safe custodian for the surplus
funds of the community in which the
bank is located Hence a man utterly
devoid of enterprise, who cannot be in
duced to take any risks in business, pro-
mote any enterprise or participate in the
general development of the commuuitv
and who can never be induced to lend
one dollar without having two or more
dollars security and who will reckon his
interest TO the fraction of a cent and col
lect al debts die the bank promptly.
regardless of the t fleet upon his customer
nils the bill. Such men are usually
narrow minded and follow unouestion.
ingly in the path blazed out for them by
the great financiers.
Bankers are therefore, as a class, the
servile followers of the great financiers.
In order TO protect themselves and 10
maintain their credit with the money
kings, they exercise a despotism over
their customers who are in their power,
The same as they themselves are in the
power of the money kings. The money
Kings are the creditors Of the bankers,