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Show ! The Merged Power 1 The Federal Reserve Board at Washington sanctions I the merger of those big California financial institutions the I i p.,i, f n.,i,r nn.l T.ihprtv Bank, making possible the greatest branch banking institution in America. Two hundred and scventv-six banks, with assets in excess of 675,000,000 a financial power second only to the National City Bank of i 1 New York. ' , . ... t Money is power. Nothing else is so certain as this. Hionev is financial, industrial and social power. . IT IS, ALSO, POLITICAL POWER. Wonev power is a blessing or a curse, according to its :: use. it cannot fail to be an unqualified curse, when it be-! be-! comes government. ' It is pertinent to ask .what contribution a particulai money power will make to a particular political party's campaign cam-paign fiftid. Where will this great merger of California monVy power stand, when the issue is as to whether the people shall or shall not govern themselves? Where, when the issue is as to whether national resources shall remain the people's, or become the loot of special interests? Whither is government of, by and for the people going '. It is the age of mergers of powers of all kinds. The money merger at the top. All others dependent upon it. It is not a good time to ask if what is coming is not jrovemment of. by and for the money power? And, if so, what? . |