Then this Federal Reserve sandbaggery resorted to the scheme of sending
out what it called "notices of dishonor" against the Brookings State
Bank, whereupon the Brookings State Bank went into the United States
Court and obtained from Judge Wolverton an injunction against such
"dishonor notices!" Drawing cash over its counter for over a year
couldn't bluff the Brookings State Bank and the United States Court
forbade its fictitious "dishonor notice" game! So the octopus tried
another method--equally damphoolish but characteristic of its banditry
methods.
There lies before us as we write a photographic copy of a "transit
slip" made out by the Federal Reserve Bank of San Francisco at its Los
Angeles Branch on November 19, 1921. On this "transit slip" is listed a
$50 check drawn on the Brookings State Bank of Brookings, Oregon, and
over against the item is marked "Bank Closed!" It is as foul a libel as
even the Federal Reserve octopus ever spewed from its sac of venom!
The Brookings State Bank was never "closed" for the fractional part
of a second! In fact it was and is a damsite too "open" to suit the
Federal Reserve thuggery!
Now look at the venom spat out by this Federal Reserve octopus at
the Brookings State Bank because it wouldn't do its bidding. During
the year it kept its emissary there it collected $102,000 in checks.
Counting his salary, expenses, expressage of currency and the like, it
must have cost it at least $4,000. It could have had precisely the same
service for one tenth of one per cent or just $102.
Then when that didn't work it sent out its fictitious "dishonor
notices" and bumped into a United States Court injunction!
Then when that didn't work it sent out its lying "Bank Closed" notice
on its "transit slip!" And it cowers behind the skirts of a girl clerk
in trying to skulk out of this picture of malice. In the meantime the
Brookings State Bank held the fort--unshackled by Federal Reserve
oligarchy.
Now jump down into the Atlanta Federal Reserve loot area and take a
look at its banditry there and read what the United States Supreme
Court has to say on this whole thuggery proposition. The method of
Federal Reserve thuggery at this point was to hold out and hoard up a
mass of checks and present them at one time over the counter of the
Atlanta Bank and Trust Company--with the avowed object of crippling it.
Here are quotations from the opinion of the United States Supreme Court
handing out a solar plexus blow to this Federal Reserve thuggery.
Public-domain text, read in full here on John Shaqi.
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