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" Its capital is government debts ; the amount of its issues will depend on government necessities ; government, in effect, absolves itself from its own debts to the bank, and by way of compensation absolves the bank from its own contracts with others.... "
Observations on the Financial Position and Credit of Such of the States of ... - Page 100
by Alexander Trotter - 1839 - 455 pages
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Eloquence of the United States, Volume 3

Speeches, addresses, etc., American - 1827 - 552 pages
...this? It looks less like a bank, than a department of government. It will be properly the paper-money department. Its capital is government debts ; the...the bank from its own contracts with others. This is, indeed, a wonderful scheme of finance. The government is to grow rich, because it is to borrow,...
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American Quarterly Review, Volume 9

Robert Walsh - American literature - 1831 - 722 pages
...this ? It looks less like a bank, than a department of government. It will be properly the paper-money department. Its capital is government debts ; the...the bank from its own contracts with others. This is, indeed, a wonderful scheme of finance. The government Is to grow rich, because it is to borrow...
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The Edinburgh Literary Journal: Or, Weekly Register of Criticism ..., Volume 6

Great Britain - 1831 - 502 pages
...government debts ; the amount of its issues « il: depend on government necessities ; government, in etTtct, absolves itself from its own debts to the bank, and...by way of compensation absolves the bank from its contracts wiih others. This is, indeed, a wonderful scheme of linanoe. The government is to grow rich,...
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Speeches and Forensic Arguments

Daniel Webster - United States - 1830 - 518 pages
...this? It looks less like a bank, than a department of government. It will be properly the papermoney department. Its capital is government debts ; the...the bank from its own contracts with others. This is, indeed, a wonderful scheme of finance. The government is to grow rich, because it is to borrow...
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Remarks on the Life and Writings of Daniel Webster of Massachusetts

George Ticknor - 1831 - 56 pages
...this ? It looks less like a bank than a department of government It will be properly the paper-money department Its capital is government debts; the amount...the bank from its own contracts with others. This is, indeed, a wonderful scheme of finance. The government is to grow rich, because it is to borrow...
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The Edinburgh Literary Journal: Or, Weekly Register of Criticism ..., Volume 6

Great Britain - 1831 - 496 pages
...this ? It looks less like a bank, than a department of government. It will be properly the paper-money department. Its capital is government debts ; the...by way of compensation absolves the bank from its contracts with others. This is, indeed, a wonderful scheme of finance. The government is to grow rich,...
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Legislative and Documentary History of the Bank of the United States ...

Matthew St. Clair Clarke - Banking law - 1832 - 864 pages
...Government. It will be properly the paper-money department. Its capital is Government debts; the amount ol its issues will depend on Government necessities;...the bank from its own contracts with others. This is, indeed, a wonderful scheme of finance. The Government is to grow rich, because it is to borrow...
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Legislative and Documentary History of the Bank of the United States ...

Matthew St. Clair Clarke - Banking law - 1832 - 856 pages
...ot its issues will detenu on w vernment necessities; Government, in effect, absolves itself from us own debts to the bank, and by way of, compensation, absolves the bank tmm own contracts with others. This is, indeed, a wonderful scheme ot nnanct. The Government is to...
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A Statistical View of the Commerce of the United States of America ...

Timothy Pitkin - Commercial statistics - 1835 - 628 pages
...can apply it, in any degree, to its purposes." • "What sort of an institution is this?" Mr. Webster asked, "It looks less like a bank, than a department...of finance. The government is to grow rich, because if is to borrow without obligation of repaying ; and is to borrow of a bank, which issues paper, without...
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Speeches and Forensic Arguments, Volume 1

Daniel Webster - United States - 1835 - 524 pages
...this? It looks less like a bank, than a department of government. It will be properly the papermoney department. Its capital is government debts ; the...the bank, and by way of compensation absolves the Lank from its own contracts with others. This is, indeed, a wonderful scheme of finance. The government...
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