Jasper County Democrat, Volume 14, Number 89, Rensselaer, Jasper County, 17 February 1912 — All People Are Interested In Trusts [ARTICLE]

All People Are Interested In Trusts

By E. H. WELLS, Glen Moore. N.J.

The people who are kicking against monopolies are mostly those who think thev are not in them. Nearly everybody except the tramp, probably 80 pet- cent of the entire population, men, women and children, are to some degree, directly or indirectly, interested in big business, corporations or trusts. Anyone having as much as a single dollar deposited in open account in a national bank is indirectly interested in the success, stability and profits of big business of some kind. Bankers cannot afford to pay rent and

salaries and accept and enter our deposits on their and our books, safeguard and be responsible for our money, honor and keep account of the checks we draw, unless they lend out, for profit, the money we deposit to people doing big business. The banks must also buy with surplus funds not loaned out the bonds of corporations and trusts.. In the case of savings banks and safe deposit companies, where a small interest is allowed depositors, the necessity of these institutions loaning out our money or investing the surplus is still greater. So that we are more or less interested and investors in big business, corporations or trusts, directly or indirectly, to the amount of our savings and deposits, be it more or less. , If our savings are small we are interested in big business indirectly through the banks where we deposit. v If we are of large means we buy the stocks and bonds of the big corporations outright. So that we are all in the same boat and there is no question of morals ’involved. If we kick and hammer big business we are kicking and hammering ourselves. -