Little Falls herald., 1913-05-16

E..,u ana currency tlle house been
ma up schie 81 4 Nan their
ents and their A attorney III enc I CON,
mnittees have controll led the nature of
bills to be rep ported, !, tthes extent of them,
and the debates that were to be held
on hem when they were being con
sidered in the senate and the house. No y
| one not on the commii tt ZEE is recog ognized
under the 5pra q tic X Of the house as long
as x member On! the committee wishes
recogniti on, and one Of them is suresto
hold the q floor unless some one favor;
able to the #co ommitttee tttee has been arraI g g
3}ed for this the committees Il nj
have been able to control leg ationfln y n
the Interests of the lew. III. Al tssg}
#5 III The men :Nh have appointed the
conllmitttes in III. the last fifty years have
had the clear and earnest, yieWpointfof
our. our fore refabh eli On Tuesday . January AMI
fourteenth, \, seventeen hundred 4S5 and s
min f llo5vintg, resolution ION
was ii e. odtuced in the United States
senate. 3 4 .fs3 Il I 3i
5te on shall any person holding Of
flee OF stock in any institution in the
nature Of a bank, for issuiillea 6 6 Pr Or dis
counttiin n;gg bills OF notes pityyable to bear
Ter or order, suna aer5 he. uthority, Of the
United States, be, a member of either
house whilst he holds such #2to office o..
stock''' G \ 5t#. 4. ...5fs.TE IN a5fS. ..5,;5
#,,I IL passed, the senate two days latfs5S
after being fought BY the bankers, and nd
amended at their insti CATION in order
that they might be#5alloWed to sit N
congress, but it still remained 9 protest,
to bankers controlling legislation 1 i in
which they were personally interested.
Our finances, including the actual
control of legislation in congress, have
been surrendered to the. bankers, their
agents, and attorneys. Atsathe earllef
date above stated, when people were
less commercial and more determined
to have all public acts removed from
the Influence of personal interest than
people are row, they feared to trust.
(. the bankers, even as lin 1 members OF
congress, to frame legislation: w e
Of this age allow them to absolutely
control all iof the committees in: on:
aress that make the law governing
financial operations. Some of the mem. nI Il
5bers Of ~ these committees belong to
banking associations that lobby in con-
gress rs means of securing action
favorable to the bankers. #
The English money. lenders have
cooperated with those Of our country,
and in eighteen hundred and sixty:
two an agent quietly and under a sort
oe confidential seal, distributed among
tIe asistocrats and the wealthy class 6;
eircnlar ~ Was called The Hazard
circular and relates'' II way to the
Civil war. It read:
Z. Slavery is ikelyslto be abc!11sshed
by the war power and all chattei
slavery abolished. This I and my
European friends are in favor Of, for
slavery is but the owning of labor and
carries with it the care of the labor |
ers, while the European plan, led on
by England, is that capital shall con-
troll labor by controlling wages. The
great debt that the capitalists will
see to it is made out Of the war, must
be used as a means to control # the
volume of money. To accomplish this
the bonds must be used as a banking
basis. We are now waiting for the.
secretary Of the treasury to make this
recommendation to congress. 1t Will
not do to allow the greenback, as it
is called, to circulate as money any
length Of time, as we can not control
that. But we can control the bonds
and through them the bank issues. -
( Near the close Of the war, eighteen !
hundred and sixty-f Mr.. Jay Cooke.
the fiscal agent for the government !
published circular and in it stated,
among other things: 3 s
422"'We lay down the proposition that |
our national debt made permanent and
rightly managed, will be a national
blessing. The funded debt Of the
United States is the addition Of $3,-
00,000,0O0 to the previously realized
wealth Of the nation. It is three thous-
and millions added to the actual avail
able capital.' 5
Again, in eighteen hundred and |
seventy seven, a circular was issued by
authority of the Associated Bankers Of
New York, Philadelphia and Boston. It
was signed by one James Buel, secre-
tary, and sent out from two hundred |
and forty seven Broadway, New York.
It was sent to the bankers in all Of
the states. Tt read:
8'"Dear Sir: It is advisable to do all
in your power to sustain such promi-
nent daily and weekly newspapers,
especially the agricultural and religious
press, as will oppose the greenback
issue Of paper money; and that you al
so withhold patronage from all ap-
plicants who are, not willing to oppose
the government issue of money. Let
the government issue the coin and the
banks issue the paper money of the
country, for then we can better pro-
tect each other. To repeal the Act
creating bank notes, or to restore to /
circulation the government issue Of
money! will be to provide the people
with money and will therefore serious
ly affect our individual profits as
bankers and lenders. See your con-
gresham at once and engage him to
support our interests, that we may
control legislation. 81
Again, in eighteen hundred aud