The fact is that this Federal Reserve octopus in pursuance of its policy of gun play, banditry and oppression against State Banks--all from the dirtiest motives of pure sordidness--presented one of its tentacles of greed to the Supreme Court of the United States and it was ruthlessly severed! This is but an introduction--a mere curtain raiser--to the greatest drama of greed ever enacted under the guise of law in a civilized land. But here are two things settled by the highest tribunal in the land; first, that State Banks can't be coerced, banditized nor bulldozed by the Federal Reserve System and second, that the Federal Reserve System "is not a private business"--but it is in fact the business of the United States and "is governed by the policy of the United States." CHAPTER VI THE LOOT OF THE MONSTER HERE is the proposition. The Federal Reserve System is the most gigantic parasite and despoiler of industry in the world's annals! You can search history from its first impression of stylus on parchment to this minute and you can find nothing which will approximate the bottomless greed and the fathomless lust for gold of this monstrous parasite. It isn't banking, it's banditry. It isn't business, it's pillage. The dirty paws of predacity are encased in the white gloves of officialdom and constantly dry-cleaned in propagandized hot air! Here follow some of the records--every figure in them taken from official reports--carefully concealed from your view by the money masters and by their lackeys who fatten and batten on the lootage. And as you look over this record don't overlook this fact. No bank or no system of banks ever really makes or produces one copper cent in industry. They take toll from industry. Banks are a necessity to production and to commerce, but they should be servants, not masters. This touted and ballyhooed, propagandized and rainbow-painted "emancipator of credit" has proved itself to be the most leviathan industrial parasite of the ages. Here is what they call their "earnings" for the year 1920. Filchery from industry bulls-eyes the proposition.