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The irnmensity of this new Banking System viewed as a great unity, staggers
the Imagination.
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 capital and surplus of the B&nlpVof England is
do
Ban]?: of Germany is
do
3aija of France is
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 is five percent more than
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 worldTs finance.
This banking system reinforced by earth*s wealthiest nation, will
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