Other People's Money, and How the Bankers Use ItBrandeis, Louis Dembitz
History
Other People's Money, and How the Bankers Use It
Brandeis, Louis Dembitz
Banks and banking -- United States; Finance -- United States
Thus farmers, workingmen, and clerks are learning to use their little
capital and their savings to help one another instead of turning over
their money to the great bankers for safe keeping, and to be themselves
exploited. And may we not expect that when the coöperative movement
develops in America, merchants and manufacturers will learn from
farmers and workingmen how to help themselves by helping one another,
and thus join in attaining the New Freedom for all? When merchants and
manufacturers learn this lesson, money kings will lose subjects, and
swollen fortunes may shrink; but industries will flourish, because the
faculties of men will be liberated and developed.
* * * * *
President Wilson has said wisely:
“No country can afford to have its prosperity originated by a small
controlling class. The treasury of America does not lie in the brains
of the small body of men now in control of the great enterprises....
It depends upon the inventions of unknown men, upon the originations
of unknown men, upon the ambitions of unknown men. Every country is
renewed out of the ranks of the unknown, not out of the ranks of the
already famous and powerful in control.”
THE END
Transcriber’s Notes
Punctuation and spelling were made consistent when a predominant
preference was found in this book; otherwise they were not changed.
Simple typographical errors were corrected; occasional unbalanced
quotation marks retained.
Ambiguous hyphens at the ends of lines were retained; occurrences of
inconsistent hyphenation have not been changed.
End of Project Gutenberg's Other People's Money, by Louis Dembitz Brandeis
Public-domain text, read in full here on John Shaqi.
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