Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1913-05-16

agents and their attorneys. These com
mittees have controlled the nature of
bills to be reported, the extent Of them
and the debates that were to be held
on them when they were being con
sidered in the senate and the house. No
one not on the committee is recognized
under the practice Of the house as long
as a member on the committee wishes
recognition, and one Of them is sure tc
hold the floor unless some one favor
able to the committee has been arrang
ell for. In this way the committees
have been able to control legislation IN
the interests Of the few. ..
The men who have appointed the
| committees in the last fifty years have
had the clear and earnest viewpoint OF
our forefathers. On Tuesday, January
fourteenth, seventeen hundred aud
| ninctv-four the following resolution
was introduced in the United States
| senate.
''Nor shall any person holding Of
flee or stock in any institution in the
nature Of q bank, for issuing or dis
counting bills Or notes payable to bear
or or order, under. the. authority Of the
| United States, be a member Of either
house whilst he holds such office or
| stock.''
II passed the senate two days ]a'
! after being fought by the bankers, and
amended at their instigation iii order
that they might be allowed to sit II
| congress. but it still remained 9 protest
| to bankers controlling legislation in
| which they were personally interested.
Cur finances, including the actual.
ocutr0l Of lcgi&1a zion in congress, have
| been surrendered to the bankers, their
! agents, and attorneys. At the carrier
late above stated, when people were
less commercial and more determined
to have I'll public a@ta removed from
Tho influence OF personal interest than
people are row, they feared to trust
the bankers, even as plain members Of
congress, TO frame legislation. We
Of this age allow them to absolutely
control al Of The committees in CON
cross that make the law governing
financial operations. Some Of the mem
bers CT these committees belong to
banking associations shat lobby in con
ercss az; means Of securing action
favorable 10 the bankers.
The English money lenders have
cooperated with those Of our country,
sud in eighteen hundred and sixty
two an agent quietly and under sort
Of confidential seal, distributed among
tfa > sissocrats and the wealthy class q
c;rcn]ar. Il Ua4 called The Hazard
c;1.o,,1ar aud ro]af c''; y q way to the
Civil war. It read:
"Slavery is likely to be abollsneo
by the war power and all chatIeI |
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 VIII !
not 10 to allow the greenbaclS, as it
is called, to circuIa tie 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 siNty-fve, Mr.. Jay Cooke.
the fiscal agent for the government
published circular and in it stated,
among other things:
"We lay down the proposition that
1o1 4 Il
rightly managed, will be national
blessing. The funded debt of the
United States is the addition Of $751;
000,00O,000 to the previously realized
wealth Of the nation. Tt is three thous
and millions added to the actual avail
able capital.'
Again, in eighteen hundred and
seventy seven, circular was issued by
authority Of the Associated Bankers Of
New York, Philadelphia and Boston. It
was signed by one James Buel, secre-
tarv, 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:
"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
~ 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.
Again, in eighteen hundred and |
ninety three, circular was sent ont
by the American Bankers association
an organization in which most bank
ers hold membership. It is known as
ho e