In this volume the author endeavours to give an accurate history of the present National Bank System of currency, including an account of the first United States Bank, both of which were borrowed from Great Britain by those statesmen who, like the father of Sir Robert Peel, believed that a national debt was the source of prosperity.
It is believed that the facts adduced in the following pages will be productive of some good, in pointing out the immense evils lurking in that system of banking, a system which has produced panics at will, and which is the active abettor of the stock gamblers, railroad wreckers, and those industrial tyrants of modern times, the enormously overcapitalized and oppressive trusts.
It is sought to point out the great dangers of delegating purely government powers to these greedy monopolists, by which they are enabled to organize a money trust, far more tyrannical than all the other combinations now in existence; and by which they absolutely defy the authority that endowed them with corporate life.
The issue between these banks and the people will be joined in the near future, and the greatest struggle the world ever witnessed will take place between the usurping banks on the one hand and the people on the other.
In the nature of things, unjustly acquired power of man over man generally rises to such heights of arrogance as to eventually create a public opinion that will grind tyranny of every form to atoms, hence The Coming Battle that will surely take place in the near future and the victory that will be won by justice will be the noblest events in American history.