Bankers Manifesto

[Hank Kroll]

The BANKERS MANIFESTO was distributed to a private group of elite
bankers.

“We (the bankers) must proceed with caution and guard every move made,
for the lower order of the people are already showing signs of
restless commotion. Prudence will therefore show a policy of
apparently yielding to the popular will until our plans are so far
consummated that we can declare our designs without fear of any
organized resistance.

“The Farmers Alliance and Knights of Labor organizations in the United
States should be carefully watched by our trusted men, and we must
take immediate steps to control these organizations in our interest or
disrupt them.

“At the coming Omaha convention to be held July 4, our men must attend
and direct its movements, or else there will be set on foot such
antagonism to our designs as may require force to overcome. This at
the present time would be premature. We are not yet ready for such a
crisis. Capitol must protect itself in every possible manner through
combination (conspiracy) and legislation.

“The courts must be called to our aid, debts must be collected, bonds
and mortgages foreclosed as rapidly as possible.

“When through the process of law, the common people have lost their
homes, they will be more tractable and easily governed through the
influence of the strong arm of government applied to a central power
of imperial wealth under the control of the leading financiers. People
without homes will not quarrel with their leaders.

“History repeats itself in regular cycles. This truth is well known
among our principal men who are engaged in forming an imperialism of
the world. While they are doing this, the people must be kept in a
state of political antagonism.

“The question of tariff reform must be urged through the organization
known as the Democratic Party, and the question of protection with the
reciprocity must be forced to view through the Republican Party.

“By thus dividing voters, we can get them to expend their energies in
fighting over questions of no importance to us, except as teachers to
the common herd. Thus by discrete action, we can secure all that has
been so generously planned and successfully accomplished.” Dated this
third day of March, 1892.

The above was reprinted from the book, “Economic Pinch” written by the
late Charles A. Lindberg, Sr. which was first published in 1923. The
Bankers Manifesto of June 1892 was not intended for public reading,
but was propaganda to hold the big bankers together. Permission was
not needed to reprint the above as it predates copy write law.

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