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I predict that within twelve months substantially the entire banking pov«r of
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the IJiited States will be bought together in this gigantic co-operation and cooidination of America’s monetary resources.
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I believe that within tao years practically all State Banks and Trust Co*s,
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as well as national Banks will enter^the System, it will then have a paid up capital
The irnmensity of this new Banking System viewed as a great unity, staggers
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WASHINGTON, D C.
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The capital and surplus of the B&nlpVof England is
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B n ? of Germany is
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3 i a of France is
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of about two hundred million dollars, with a total of consolidated and co-operative
It will represent a gold stock of ^ne billion, four hundred million dollars.
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This i five percent more than
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the present
gold holdings of the three greatest European
resources of twenty billion dollars* It3 paid up capital will be greater than the
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combined capital of the Bank of England, the Bank of Prance and the Imperial Bank of
nations.
Gemany,
constituta the most Toowerful factor in the worldT finance.
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This banking system reinforced by earth*s wealthiest nation, will
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