Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-03-06
MAJORITY FINDS
A MONEY TRUST
Morgan g. Co. Head the List OF
It's Most Active Finan-
cial Agents.
MINORITY REPORTS DISAGREE
Remedial Legislation Recommend
ed Forbidding Use of Mails
and Laying Down Rules
for Banks.
MINORITY REPORTS DISAGREE

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$500, t,',t-i t,a .t,. ,tl,., 1.,,,.,,.,..,ti.
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r,o,,n,. +,,s, a,istod accor1i,o :, thcir
,,,,ao.s,.,,din,, ~ tbo torn, rhis ,,nort
r.r,os nc tl,o ,,rost .ctivo agents i'm
br,r,,,, ,hou+ tho concentration of
,roro,. and ,rcdit" I = Norrau A. CO..
l.iret National and \,tinual CIV banks,
and Kuhn. Loeb a. Co Of New York: Lee
hutchinson and 1;iddor pcobodv & co
of Boston. To bills accompanied tn" re-
port one forhiddihE me use W inc ''''i''
10 STOCK exchanges winch ~" -
pfescflpeu stringent i'N"'''.o''S as
cohduct VI 'l'.i ''.'
rr's'rI" '"- 'E'" i'', m.
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mas "o' "'S''N '''' N,H''''V '' ".H
''''E ,'"'' "'
mas however, "'Sclose" Il d""E'i""S CON-
'c"'"'' VI ''e"'t III w" '''N wv
am 10 sumo oN''"' III hoS'on "u' III
'"Eo
me Srreins sunSt@nuaiIE with the
majority SAID the report on many oil
the ABUSES TO be corrected IN th' imam
clal system the stock exchanges ANA IN"
clearing nous" associations the under
signed have doubts as To tn" wisdom
OF some of the remedies proposed by the
majority
SUGGESTS A LOOK AHEAD.
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lo 10 we laws '""'
'"19e'''N
Nl 'i''Ni ''u"' ni.o'IN report hl'u ny
w .'o' q" vi -hl''"s"H'
Ni"''",' vas ' ""'' '''''''u "'S"s'ce-
i'''"' wiz" '"' COMMUNICATIONS ana ma
cue "'JoiiE'
INV '''e, '"dt attention mas b'on
| , ',''S III our "h"ic!a!
| ''''' " SINISTER Ilint
| ,.,., ','''"'"s pi'.Uces
| .ha '' CIV AUS
.r ,,.,. '''ls '''u' 10 S"o"
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,,a,,,. ,,,,,., i,,,,,.,.a,, anu quay III
,i,o, =. .ro ,o,,,,..,. ne, .. H. -,
and motives of leading bankers which &c
"a lcI. fat
Far from condemning the concentration
OF money power in Wall Street Mr.. Nc
MORAN asserted that every American
cltl'eh shoud ne proud OF the TACT tha
we nave city where there is Suiilclen
cap!tul 10 hahdIc great enterprises ah'
should take pride also IN the characte
anu lI'teErItN Vi ,he men VINO are III Vh'
hcao OF lts nhahclal institutions
MI McMolrah declared the Propose'
scheme ior regulating STOCK eNchahEc
drastic ana uh"aTahteu ana una
lhere was no real eN' III ih'e''ooN'n'
dlrectorates'
me "i"Joil'F iePo'" "i''' u'''a' ms :"
existence OF money trus'' sa'u INA
'the increased concentration ol coilroi
money anu circuit ia" "'ch e'ie''V" IA III
clpallF as loloWs'
FIRST, through CONCENTRATIONS OF com
petitlVe or potentially competitive pahk
and trust companies Wmch cohSollud
tons In turn have recently been prousf
under sympathetic management.
second, through the same powerful II
terests becoming large stockholders
potentially competitive banks and trus
companies.
CONFEDERATION OF COMPETITORS
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