“Although the United States, with its unit banking laws, had thousands of bank failures, Canada, which permitted branch banking, didn't have a single failure during the Great Depression.”

Jim Powell

Jim  Powell - “Although the United States, with its unit...” 1

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“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!”

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“The Great Depression was going on, so that the station and the streets teemed with homeless people, just as they do today. The newspapers were full of stories of worker layoffs and farm foreclosures and bank failures, just as they are today. All that has changed, in my opinion, is that, thanks to television, we can hide a Great Depression. We may even be hiding a Third World War.”

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“In March 1955, Powell called for a boycott of Harlem savings banks that "practice 'Jim Crow-ism' and 'economic lynching.'" He urged Abyssinian Baptist Church's fifteen thousand members to withdraw their funds from white-woned banks and transfer them to either the black-owned Carver Federal Savings in Harlem or the black-owned Tri-State Bank in Memphis, Tennessee (108).”

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“The bank - or the Company - needs - wants -insists - must have - as though the bank or the Company were a monster, with thought and feeling, which had ensnared them... The banks were machines and masters all at the same time...They breathe profits; they eat the interest on money. If they don't get it they die... It is a sad thing, but it is so. It is just so.”

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“On the Big Blackfoot River above the mouth of Belmont Creek the banks are fringed by large Ponderosa pines. In the slanting sun of late afternoon the shadows of great branches reached from across the river, and the trees took the river in their arms. The shadows continued up the bank, until they included us”

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