Before passage of this [Federal Reserve] Act, the New York Bankers could only dominate the reserves of New York. Now, we are able to dominate the bank reserves of the entire country.

Boozing does not necessarily have to go hand in hand with being a writer. . .I therefore solemnly declare to all young men trying to become writers that they do not actually have to become drunkards first.

Before passage of this [Federal Reserve] Act, the New York Bankers could only dominate the reserves of New York. Now, we are able to dominate the bank reserves of the entire country.