The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-12-21

tne banks Of it's largest city. Indianapolis. and their
relationship with the banks of a typical smaller Indiana
CITY sucn as Richmond, and the banks of the surround
InS country communities To show this more clearly
JAKE diagram A. Here is plainly demonstrated the in
erdependence OF all banks and the dependence OF most
banks on the great New York banks of the Money Pow
er because what applies to the banks Of Richmond and
OF the nearby country communities will apply prac-
tcaly to all similar places
When the fact is clearly established in the minds
OF the citizens that the Money Power controls
practically all the savings and deposits of the nation
In this manner 1t becomes plain that this also amounts
to control of credit. The manager of q very large
business apply for loans in the larger banking
centers. He waste time visiting hundred
smaller banks. in many different cities. to obtain
more money for his business Furthermore. IL for
reason the Money Power through the banks in the
larger centers 1t controls directly refuses him credit
he might well Mars to expect to obtain the
amount necessary from the smaller banks. The word
paused line that credit is to be extend
ed to the wouldbe borrower and he is prevented eff
fectivsly from having his financial requirements given
consideration.
This power be used by the Money Power in
many for the ends desired. manufacturer. for
instance. disguised with the ncompetency OF the reac-
tionary management of the political party with which
he votes may openly espouse the cause OF its pro-
grsssive wing hint from his banking interests that
further action along this line will result in the loss OF
credit is generally sufficient to bring him back into
line Maybe some of his employees too forward in
reform movements and his bankers again suggest that
he threaten them with dismissal unless they stop their
agitation A newspaper in some city may be carrying
q campaign to better conditions along progressive
lines. In depicting the evils OF the day it hits too
closely higher up" The bankers again swing
line The advertisers notified that the policy
of this certain newspaper is bad for business in
eral and II ts allowed to continue, it will be bad
for merchants in particular-large borrowerswho adj
vertise in the offending The in turn
is warned by the merchants and 1t calls for rather
stiff backbone plenty of for it to
with its policy in the face OF certain and great
cash loss through the withdrawal Of advertising that
ia follow refusal to heed the demands of the
bankers delivered by their debtors In this way
nine times out Of ten is the power OF the Money Power
sufficient to the press OF the nation and prevent
the people from learning the truth about great
The control Of credit be used to further the
progress Of the profit machine Suppose tho Money
Power IL monopolizing a line of industry and
biration The community Of interests Immediately be-
busy and the bankers Of the nsurgent units ad
wise the stockholders thereof be wise and take ad
vantage Of q good opportunity when 1t is possible. II
this hint sufficient and tho bankers show tho
hidden claws Of the Money Power-where will tho in
surgent units obtain further credit when their present
loans become due? Furthermore. maybe some OF tho
Of the nsurgent units concerns belong
ing tho Money Power. News comes from these that
entire purchase hereafter will be made with the
combination. sight of the claws is about enough
profitable to be continued, and tho combination
starts off with the units the Money Power desired
From all this it may be gathered that the Money
Power can not denied anything. 1t has monopolized
the power to monopoze. 1t is special privilege CAPT.
talized.