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Richardson, James D. (James Daniel), 1843-1914

"Volume 3, part 2: Martin Van Buren"

To these I ask your
early attention. That it should have given rise to great diversity of
opinion can not be a subject of surprise. After the collection and
custody of the public moneys had been for so many years connected with
and made subsidiary to the advancement of private interests, a return
to the simple self-denying ordinances of the Constitution could not but
be difficult. But time and free discussion, eliciting the sentiments
of the people, and aided by that conciliatory spirit which has ever
characterized their course on great emergencies, were relied upon for a
satisfactory settlement of the question. Already has this anticipation,
on one important point at least--the impropriety of diverting public
money to private purposes--been fully realized. There is no reason to
suppose that legislation upon that branch of the subject would now be
embarrassed by a difference of opinion, or fail to receive the cordial
support of a large majority of our constituents.
The connection which formerly existed between the Government and banks
was in reality injurious to both, as well as to the general interests
of the community at large.


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