This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 edition. Excerpt: ... THE INQUIRY AUTHORIZED. On February 24, 1912, the House of Representatives in Washington adopted a resolution known as House Resolution 429, which provided that the Committee on Banking and Currency might, either as a whole or through a sub-committee, investigate questions connected with money conditions in the United States. On April 22, 1912, that Resolution was amended to provide for a sub-committee of eleven members, which should investigate the whole general subject of control of money as dominated or affected by banks, bankers and other financial institutions, railroads or industrial corporations, and their relations to the Clearing House Association and the New York Stock Exchange. The sub-committee held various meetings, in May and June, 1912; and after adjourning until December, finished its work on February 28, 1913. THE PURPOSE OF THE INQUIRY. The Resolution of the House of Representatives, under which the Committee was charged to look into monetary conditions, was not aimed at the Stock Exchange; its purpose was to discover if a "Money Trust" exists, and if this "Trust" has the country in its control. The matter of the Stock Exchange was only an incident. The Resolution contains twentysix paragraphs; in the sixth, one of the purposes of the "Money Trust" is said to be "to dominate the New York Stock Exchange;" the thirteenth directs the Committee to inquire "into the marketing of securities;" by the twentieth paragraph to discover "whether the management or operation of the New York Stock Exchange are dominated, controlled or otherwise affected" by such "Trust;" and by the twenty-first paragraph whether any groups "may or can affect the security markets of the country through the New York Stock Exchange, or can create, avert...