When Armen Garo accepted to take part in the act in February 1896, the arrangements to raid the bank started.[4] From the start, the Armenian Revolutionary Federation handed out fliers to the general population of the Ottoman Empire stating that their fight was not against them but the Ottoman Empire's oppression. The decision to take over the Ottoman Bank was a strategic one as the bank held many European treasuries which would therefore attract the Europeans' attention the Armenians wanted. The men had been singled out because "apart from the interests of the European powers the various financial markets would also suffer heavy loss through the destruction of their property."[2]