l" had gathered into its net sufficient of the
important private institutions of finance there still remained the
federal Government, the largest handler of money in the country. It was
not hard for "Standard Oil" to introduce its expert votaries into the
United States Treasury and thus to steer the millions of the nation into
the banks subject to the "System's" control. This accomplished, the
structure was complete and the process of "making" dollars proceeded on
a magnificent scale.

That there may be no possible doubt in the minds of those of my readers
who are unacquainted with such matters that I am citing every-day, actual
happenings, I will tell just how the Daly-Haggin-Tevis-Anaconda-Amalgamated
transaction was worked out, showing that but for the existence of the
National City Bank of New York, or a like institution of the people, it
could not have been brought about.

When Mr. Rogers and William Rockefeller "traded" with Messrs. Daly,
Haggin, and Tevis for the Anaconda stock, and with others for like stock
or other properties which I have already named, the price agreed upon
was $24,000,000 to Daly, Haggin, and Tevis, and $15,000,000 to the
others, or $39,000,000 in all. This was to be paid by "Standard Oil" and
received by Daly, Haggin, and Tevis, and the others, but one of the
stipulations in the "trade" was that instead of the money's being paid
to Daly, Haggin, and Tevis, and others direct, it was to be credited to
them on the books of the National City Bank of New York and was to be,
by agreement, not withdrawn from the bank before a given time, the bank
agreeing that the new owners of this money should receive interest at a
low rate upon it while it so remained deposited. At the same time the
bank agreed to loan Mr. Rogers and William Rockefeller the $39,000,000
at the same rate of interest upon the collateral which the $39,000,000
was used in purchasing. Therefore the first part of the transaction was
as follows:

The bank, having $39,000,000 on hand belonging to the public in the form
of savings deposited, or having a fictitious $39,000,000 in the form of
book-keeping accounts made possible by the deposits of the public and
the manipulation of the funds in other banks and trust and insurance
companies belonging to the public or the Government, caused an entry to
be made in its books showing that this $39,000,000 had been loaned to
Mr. Rogers and William Rockefeller, and that they, having transferred