Evening journal., 1908-02-13
CROZIER fights
ALDRICH BILL
CONTINUED from First Paro.)

1T appeared--provldentially--just be-
fore this session Of Congress. Many
believe It was caused by its promoters
to pinch the country into hurrying Con-
gress TO hastily pass the currency ac-
ton they desired, punish the admin
stration for enforcing the laws with
out fear or favor, to advance interest
rates and TO reduce wages of labor and
prices Of securities and property for
their lawless purposes and profit
"The powerful master OF Wall street.
he continues, 'snt iff me gaiiefy'' -of
the United states Senate the other
day and nodded approval as the dis
tinguished author Of the Aldrich bill
spoke in advocacy of the measure.
"Lawless Masters"
Tho Few biz operators. the lawless
and relentless masters of Wall street,
will be the principal benenciaries Of
the bill which give them a strangle
hold on the money supply Il will
vastly increase their dangerous pow
ers II will enable them to cause panic
at win. II will multiply their political
power BY controlling the Secretary
Of the Treasury they will dominate
every bank in the land and build for
themselves the greatest political ma
chine in all governmental history Moth
ing could dislodge.
Enhancing the price Of municipal
bonds by designating them 10 secure
currency will be for the benefit Of the
public, as with government bonds But
| IL is quite a different thing gratui-
lousy to put an immediate extra pro-
at Of more than one billion dollars into
the pockets of the private owners OF
/ railroad bonds by thus legislatively
enhancing the quotation prices thereof.
! Especially so when Il will go 70 Wall
street The Aldrich bin requires the
! Secretary OF the Treasury to keep
posted on the prices OF such bonds As
they are subject 70 possible violent
manipulation daily, the only way he
can do this is 10 follow the custom
of the brokers and big banks OF New
York and INSTALL in the Treasury De-
partnent and perhaps In the White
House the usual Wall street ticker that
from 10 to 3 each day the officers OF
the Republic may read the gamblers
tape and quickly call for more mar
gins or sell out the collateral on the
stock exchange as Is customary In the
great American game 70 avoid loss
Dominate the Finances.
1T Is significant that the combined
capital and surplus Of the three bis
wall street banks had 20 be dominated
by Morgan. Rockefeller and Ryan. the
city National. First National and Ma.
tional Bank OF Commerce exceeds
$500 100000 or an amount equal to IN,
combined capital stock Of 900 coun.
try banks with 100000 capital each
5 These three banks take out and con.
, tract for over s50000,O00 of ordinar,
bank note currency This reveals tn,
, vast power Of these banks and wha'
they are after. SO. independent OF IN,
, other 10000 banks of the country IN,
\ wishes Of eighty-hve millions Of peo
, pie or Of their responsible government
or OF the interests or welfare OF tn,
. Republic the Aldrich bill proposes de
liberately to make it possible for threl
banks said 10 be dominated by thre
G men, to manipulate more than one hun
dred million dollars Of the public cur
@ rency Of the United States for thei
C personal profit and advantage"
G You can sell Il to Mcmahon Bros
c for cash money. Third and Orange.