Who Shall Control Our Financial Destiny?
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| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Who Shall Control Our Financial Destiny?: Three Possibilities: Government Ownership, Government Control, Banking Control; Address Delivered Before the Finance Forum of New York City, on December 18, 1912 About two years ago - the date is immaterial - I was discussing banking and currency reform with a leading Wall Street banker. If I mentioned his name, you would recognize him at once as a man of influence and ability. I said to him, "Why doesn´t your firm take more interest in banking and currency reform? If we are to have real reform, you know as well as I that it is the big able man who must put his shoulder to the wheel." He replied, "Are you aware that a partner in our firm has given many hours of his valuable time to licking the Aldrich plan into practical shape?" I was surprised at his words, for at that time - two years ago - I had no idea that such was the case, and said, "If what you tell me is so, why has he so effectively concealed the fact?" His answer was significant, even typical of the times: "Why, man alive, don´t you know that if the country were aware that a partner in this firm was even interested in the Aldrich plan, that plan would be doomed?" Now I believe that in estimating the people´s verdict my friend was mistaken. Every man no matter what his own status may be, demands from others the truth. He was reading into the minds of the people a suspicion which could not exist unless fostered by secrecy. It is secrecy that breeds the germs of suspicion, and it is suspicion that undermines our reasoning powers and makes us see things which do not exist. I believe that if a partner of that influential house had gone to the bankers´ convention at Los Angeles, had struck out from the shoulder, and said to those men assembled from all parts of the Union - "Gentlemen, I am from Wall Street. I am sincerely interested in banking reform, and have given much thought to the subject. I am here to help and to be helped. Do you care to hear me or do you not?" Gentlemen of the Finance Forum, I believe if that question had been put at that time by a man I have in mind, banking reform would no longer be a dream but a reality. I do not wish to be misinterpreted. It is not for me to dictate to any man a course of procedure. I merely tell the story to impress upon you the misunderstandings which must be overcome before banking reform is an accomplished fact. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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