Salt Lake Herald-Republican | 1910-02-13 | Page 1 | Shaw Fears Standard Oil May Control Institution

SHAW FEARS STANDARD OIL MAY CONTROL INSTITUTION Former Secretary of the I 1 I I Delivers Address on The I I Central Bank 33 I Philadelphia Feb 12 I do not think there t cre can be any doubt in the mind of any anyone one who studies the tIle question in the th light of admitted condi conditions conditions conditions that if a central bank is established in this country it will be owned or at least controlled by the Standard Oil company said Leslie M Shaw former secretary of the treasury today at a meeting me ting of the Pennsylvania Bankers association in this city His topic was The Central Bank There Dit re are two diseases prevalent in int t 1 s country either of which is liable to toi tol l I i is c r fatal he continued One is Wall sti tt t mania and the other is Wall VII street pi Dl dit l id I do not think I 1 have hae been badly I 1 dated with either but I r am nm frank to toFO toa toray FO ray a that to me it Is 1 quite to topI toJi pl pI with any group of m men mast n the power lOwer to c or expand epand oui out currency at will willard willaId willard ard aId t ti grant or withheld credit tb to any an bank bink to any an merchant and to any an corpor corporation corporation at pleasure I i thoroughly believe that the Standard Oil company compan and the United States Steel corporation could afford to pay the na national national national debt lor tor In such a charter and I 1 say this independent of whether such auch a bank blink wo ild be independently profitable or oth oUt otherwise le The control of It would be val vai valuable beyond the power p r of man main to con cea conceive co to any group of men man wt wo o li hd d pendent financial finn ial s s tu tuto 11 ugh to Justify Jt It rd a the tit th fir fr firUs frIts Us Its operation o