Show TV GREATEST BANKING SYSTEM an dy by CRAIG 0 HAZLEWOOD president dont association of reserve city bankers conceived in the spirit 0 of common good for tile tho beat best interests of govern went merit banks anil and public alike based on broad anil and correct principles relating to the nations 0 cu u r aron re n c y and credit the federal reserve lles orve system represents tha greatest grea teat piece of economic legislation enacted by an americ 13 P i lewood can Con gross tho the systems S y a t 0 m 3 record ord of achievement through a world war an inflation intia tion period ot of dizzy heights and months of serious and costly liquidation it la is a matter ot of importance that very earnest and patriotic thought be ba given to the LW two 0 Q jm kamis how flow far has tile tho system tel ll 11 ded anti anc in what lr tins it IL flAt trilled led to give our country na a strong arld as useful a financial cial f ay human mind can devise the ile hope ani and expectation 61 of those wiio who tho the federal fie deserve serve act that tho the machinery setup set sot up for or tha ain and automatic or egnation ei nation distribution ro retirement ot of currency issue which should tie be entirely responsive to ta the neoda or of trado trade and tile tho varying conditions of business have boon been won deai de rilly kiny well realized every possible effort must bo be exerted to preserve the federal reserve system from political alliance and to acee keep p its powerful influence pu devoted to to the bulling building up of the greatest banking system in the world the first hauls of the united state a was waa t in 1791 and failed ta obtain it a H mw awal wal ot or ita IL charter in 1811 th tho charging that tho the bank banh control controlled leI by waa 8 a money trust foreigners wa a a tool in tile tho hands ot of the tha ft and that the act chartor charter ins ing iha bant was unconstitutional atto th tilt use usa of tile words worda money truit ve ave have hava the idoa idea that this la Is a in andern dern term the which tile donaL gogno today have not changed in a century the second bank of the united stava wait waa chartered in 1816 and fled f led to obtain a renewal of its char tor in 1831 tho reasons beng a wide proad helfet that the tha bank banic was ancon t the of tile states tuo eilf position DI 0 of t the state banks the i so oi 01 democracy and the en envy ay and hatred lilea tho the poor always feel to erd the rich both banks ft it ic tinned well and ac complis hed much tor for tho country during crucial times the downfall ol of both was caused simply ona and solely by to place tho the determination 0 1 banking ban Icing policies in the hands ol of political authorities the delicate dall cato handling of currency ind and credit to the high end that th tha josl bost interests of all may bo be sc akl with special privilege to none cannot ie left to others than those who are competent oin potent through proven judgment ind and experience c the danger of poll poli bics tics in tile the federal reserve system la ii a i real one upon us Is placed the he krave crave responsibility of forever keeping the he arfat system clean |