"...Hylan told the senate committee which is seeking ideas for ending the depression that the bankers are not satisfied with control of the monetary gold but additionally 'have set out to secure control of the production and distribution of the necessities of life.'

'Pyramiding paper money on too small a volume of gold reserve and the bolstering of bankrupt countries with the wealth of the country has resulted in the breakdown of the people's wealth,' Hylan said.

Hylan characterized the federal reserve system as 'the most affluent credit and national wrecking machine. if viciously operated, that was ever invented.' "