Tom Watson's Magazine, Vol. I, No. 3, May 1905Various
History
Tom Watson's Magazine, Vol. I, No. 3, May 1905
Various
United States -- Politics and government -- Periodicals
If now it be asked in what manner will the opportunities of the Captains
for robbing the community be restrained or curtailed by substituting
Government money for bank-notes, the reply is that the beneficial effects
of such restraint will not arise so much from a difference in the money
as from a difference in the power to issue or retire it. And in a future
article will be shown, by practical examples, the difference between the
working of an elastic currency when such elasticity is controlled by the
Government, and when it is controlled, as it now is, by the Chevaliers of
Industry.
* * * * *
“My agency in procuring the passage of the National Bank Act was the
greatest financial mistake of my life. It has built up a monopoly that
affects every interest in the country. It should be repealed. But before
this can be accomplished the people will be arrayed on one side and
the banks on the other in a contest such as we have never seen in this
country.”
HON. SALMON P. CHASE.
* * * * *
“If it is possible to inaugurate a greater system of robbery of the
people’s money [than the state banks], that system has been inaugurated
in the present system of national banks. The money lost by the people
under the old system of state banks is a mere bagatelle when compared to
that which has been and will be taken from them under the present system
of national banks.”
HON. JAMES G. BLAINE (1880).
* * * * *
“Attempts to monopolize wheat, copper, sugar and other commodities have
been dealt with by writers and politicians as conspiracies against
society.
“But the monopolization of money, the medium of exchange, is strangely
regarded as essential to the welfare of society.
“And yet money monopoly is a monopoly of not merely one, but of all
commodities.”
ARTHUR KITSON.
_The Open Door of the Constitution_
THE NECESSITY FOR AMENDMENTS AND OUR FAILURE TO REVISE THAT
DOCUMENT BY THE METHOD SUGGESTED BY ITS FOUNDERS
BY FREDERICK UPHAM ADAMS
_Author of “The Kidnapped Millionaires,” “John Burt,” “Colonel
Monroe’s Doctrine” and “The Shades of the Fathers”_
Public-domain text, read in full here on John Shaqi.
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