He further writes: "In the 16th century, 'a new aspect of credit appeared.'[23] "deposit banking developed out of an ancient custom of leaving money in safe keeping with responsible merchants."[24] "In the 16th century banking by check system was started in Amsterdam by large Dutch Banking Companies, bringing into existence your present system of moneyism. Later, London goldsmiths began to create bank money by issuing receipts or other paper instruments originating out of money in bullion of copper, silver and gold by weight deposited with them, or loaned out by them, on which they paid out or received interest. "This practice of saving and getting interest on money started your moneyism system, gradually developing into your present stupendous one which holds in its power every one of you on Earth. "Where the profit angle is concerned, you seem to forget and not to adhere to traditional and religious custom and laws. "It may be unknown by many of you, that the receiving or charging of interest, was, and still is condemned in most of your religious scriptures, as immoral, illegal, and sinful. "During your Roman era, and even for some time afterwards among your world nations interest charging was severely punished as a crime. "Interest charging, contrary to your religious precepts, is now not only legal, but justified, and is the fundamental principle of your moneyism. "Every one of your nations and states legally permits a different standard level of interest plus premiums, commissions, and other charges. In some of them it has reached high usury proportions. "Land and commercial moneyism, in existence for so long, brought on your money and industrial financiering. Inasmuch as you gentlemen come from the United States of America, the foremost financial country of your world, we had better concentrate on it. "Don't let us confuse your money system with your form of government, or political economy with your political science. They are two different, and distinct entities. "Your founding fathers certainly originated a sound form of government. You can be proud of your constitution, your three branches of government, your bill of rights. We on Mars feel it is the best government on your earth, outside of your economic system, in many ways similar to ours. As your traditional and very ancient custom for the benefit and protection of your citizens and for the purpose of withholding its control from greedy, monopolistic or dishonest individuals, as well as guarantee its uniform value, your government was compelled then, as it is duty bound now, to assume the many responsible and most important money functions, as well as create, promulgate, and enforce its laws, developing the following bureaus and departments. The bureaus of the mint, engraving, the office of the treasurer, register of the treasury, controller of currency, the farm loan bureau and the federal reserve system.