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Quote by Jack R. Colver

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THE WEIGHT OF STAYING

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Jack R. Colver

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“For three months after the United States declared war on Germany the Masses kept on assailing the jingoists, the profiteers, and the capitalists who caused the beating and deportation of strikers, the Post Office censorship, and other evils which had been loosed in the campaign to silence all critics of the war administration.”

“This group of capitalists has cornered and exploited the world’s resources and the staples required for civilized living; they have been able to do this because they have owned and controlled the world’s wealth through their interlocking directorates and have retained it in their own hands. They have made possible the vast differences existing between the very rich and the very poor; they love money and the power which money gives; they have stood behind governments and politicians; they have controlled the electorate; they have made possible the narrow nationalistic aims of selfish politics; they have financed the world businesses and controlled oil, coal, power, light and transportation; they control publicly or sub rosa the world’s banking accounts. The responsibility for the widespread misery to be found today in every country in the world lies predominantly at the door of certain major interrelated groups of business-men, bankers, executives of international cartels, monopolies, trusts and organizations and directors of huge corporations who work for corporate or personal gain.”

“Inasmuch as the Bank of England became the main note-issuing bank and that some of the smaller banks elected to use Bank of England notes rather than issue new notes themselves, the private banks became very dependent upon the Bank of England. They had accounts with the Bank, and kept their reserves with it, and when they ran into difficulties because of a lack of confidence as to their ability to repay depositors on demand (i.e., a run on a bank), they relied on whatever support they could get from the Bank of England.”