This institution was incorporated in 1898 with a paid-in
capital of $3,000,000. In 1904 its total resources, also
liabilities, were $63,471,639, of the same general character
as those of the National City Bank of New York.

A calm examination of these figures, illuminated by the explanation of
the "System's" methods I have previously given, will awaken the
American people to a comprehension of what use "high finance" makes of
the savings of the public intrusted to it for legitimate investment.

Nor must it be supposed for one minute that the insurance company and
the Boston bank which I have used for illustrations differ in any way
from scores and scores of their kind which are as absolutely "steered"
in their operations by the National City Bank of New York as the
National City Bank of New York is absolutely "steered" by its president,
James Stillman, or as James Stillman is absolutely "steered" by
"Standard Oil," the Private Thing, or as "Standard Oil," the Private
Thing, is absolutely "steered" by its supreme heads, Henry H. Rogers,
William Rockefeller, and John D. Rockefeller. And if any doubt remains
in the minds of my readers of the absolute power of "Standard Oil," the
Private Thing, to "make" dollars at will, or of the dead-sure working of
their "heads-I-win-and-tails-you-lose" gambling game, I ask them
carefully to analyze the above statements in connection with the facts
in the Amalgamated transaction which just precede them.

Fourteen years ago the National City Bank passed out of the legitimate
management of old-fashioned business men of the Moses Taylor stamp and
into the hands of the "System," the Private Thing. Then its capital was
$1,000,000; it is to-day $25,000,000, and after having paid out millions
in dividends and other profits it has, in addition, a surplus of
$16,000,000, and it has the absolute power to juggle with a total of
$235,000,000, $36,000,000 of which belong to other national banks,
$6,000,000 to State banks and bankers, $29,000,000 to trust companies
and savings-banks, $82,000,000 to individual depositors, $10,000,000 to
the holders of certified checks, $7,000,000 to the holders of cashiers'
checks, $13,000,000 to the Government directly, and $4,000,000 in
Government bonds, to say nothing of scores of hundreds of millions more
through its affiliated institutions. And all this juggling is done in
such a fearless manner that we find it in the Amalgamated deal loaning