The stock market crash - and after

Bibliographic data

Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VI. Changed Ratio of Prices to Earnings

Collection:: Economics Books

APPENDIX 161 lected. There was no branch at that time. The money was collected and turned over to these officers and was sent to Washington. The army officers came in and advised them to save their money, and they saved it and handed it to them, thinking that they were dealing with the Government and in dealing with the Government they were dealing with something that was strong as Gibraltar, and were simply putting the money where they could get it. Here it is right on the face of the charter. These men could not read and they would say to those people, “Here it is, ‘any officer in the civil or military service of the United States.” ” Mr. Gillespie: Let us read section 7. This did not au- thorize the officers, civil or military, to receive deposits; it simply said if anybody wanted to make a deposit for any specific purpose that the acknowledgment of that fact might be made before a military or civil officer, and when the deposit was made it must be accompanied by this certificate. This is quite different. Mr. Hayes: Here comes a Negro that does not know any more about getting money to Washington than he does about going to heaven. . . . From 1865 down to 1870 the negro did not have any responsibility or vote or anything. He was the ward of the nation and hardly that. Think what that means. If there was any chancery proceeding by which the Government was responsible for these people, it certainly was respon- sible. They had no vote or anything. Here were the army officers of this great Government. Why did not Congress think about the fact that the Negroes were being enslaved and stop them? They had nine years. With all the in- formation before Congress why did not somebody say: “Vou are involving the Government; you are making mis- representations; you are making these people believe that this is a governmental affair when it is not.” Statement of Judson W. Lyons: The institution was called the Freedmen’s Savings and Trust Company. We all know what a trust company means. That is, we know a good deal about it, but we know that you gentlemen know all about it. We know

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