The Boise citizen. (Boise, Idaho) 1906-1910, 1908-02-14
THE RAID ON new YORK BANKS.

furnishing their enemies is becoming evident every day TIL
Clearing House Committee is dominated by these interests and
arbitrarily refusing aid bank after another that the in
control The ultimate object banking New
York that will seek control the financial policy of the
These their endavo for special privileges
power and booves the American people become aroused m
situation Regarding the closing of three banks last week il
New York the Morning Telegraph dcoses the conspiracy the
following editorial:
Certain cleaning the expression used
by the ceanse hemseleso the New Amsterdam and Mechanics
Traders and Oriental banks exactly plain to the
fetal observer behind refusal the Clearing House
further privileges the banks which members Of the
association? Ao what does profit bank belong Clearing
House it has to be continual defensive toward all the other
members? Further inquiry also pertinent Why not some
eight ten other banks proceeded against radically drasy
the New Amsterdam and Mechanics Taders There
other institutions enjoying Clearing House privileges today which
stronger their financial underpnnng than these two
Both of these admittedly solvent Reports thus far show that
both will pay out and pay full The Clearing House Com
mtee itself The Morning Telegraph des hold responsible
csteemng members to be the decay of their nigences they
retired their present positions They represent not
views their financial interests but there to
represent others and do as they hidden The Clearing House
Committee under direction has caused various banking
by asserting the akness of these and then fear
ing the ultimate result temporarily stayed the of the destruc
they organized 1t decided to take them series
There banking institution probably however solvent
be- could successfully withstand left to its cash
interview last week Mr. John d. Rockefeller said
Morgan and been described by the newspapers being
very wicked yet Mr. Morgan and saved fourteen banks from
being stood behind seventy others during the late panic
That pretty thing for such wicked men do sugy
concluded Rockefeller He did add that every dollar of Mr.
Morgans money money which he had control and every dollar
of Standard Oil money which plug up the holes re-
with anywhere from 20 to $50 cent when de-
anded replaced the original lending by securities of twice
its value Also at premium OF per cent over night
young enough and strong enough early
morning and remained late night with large bank from
might money the twex working days OF the
month Rockefeller Morgan did very nice thing but they
nicely paid And the banks going three at time IN
stead
That is side issue What would like to understand
solitary in this desire why the Clearing House
did earlier shut down these recently closed banks
they needed money months and held and were
with why off the supply? 1t looks something like
malicious mischief The Mechanics Traders had six million
dollars Clearing House against debit balance of
millions That left quite buwar for advances with
they the lowest prices Mr. Sullivan president OF
the Traders said that he told time he
would resign his bank would be edup He declined the ground
that he owned majority of the stock and did to have his
property administered upon by the clerk creature OF some other
banker or association of bankers Sullivan feared the wolves
Mr. Sulvans supported by similar assertion cold
canmy detailed by member of the Clearing HouseCommtee
Mr. Sullivan would submit and his privileges cut off Since
the pulling the curtains The Mechanics Traders one OF
the oldest institutions of the CITY, Mr. Sullivan has slgnhed
willingness withdraw from the active of his bank
reason for closing which existed for months and which
does not apply with equal force many other banks.
studied the the conclusion 1rresls
tby the of ACKNOWLEDGMENT by individuals
against other individuals The first attack sudden and so
strong that the themselves frightened They decided
hurried conferences after the other persons
and interests in detail instead of The enterprise origin
aly planned great In six months may have banking
trust add to the list of predatory concerns
For weeks we have list of five subscriptions to The
Comoer and few The Public Lewis Posts journal of fun
damenta Democracy and to The Investigator OF Omaha Tom lib