When the Government can
accomplish a financial operation better with the aid of the banks than
without it, it should be at liberty to seek that aid as it would the
services of a private banker or other capitalist or agent, giving the
preference to those who will serve it on the best terms. Nor can there
ever exist an interest in the officers of the General Government, as
such, inducing them to embarrass or annoy the State banks any more than
to incur the hostility of any other class of State institutions or of
private citizens. It is not in the nature of things that hostility to
these institutions can spring from this source, or any opposition to
their course of business, except when they themselves depart from the
objects of their creation and attempt to usurp powers not conferred
upon them or to subvert the standard of value established by the
Constitution. While opposition to their regular operations can not
exist in this quarter, resistance to any attempt to make the Government
dependent upon them for the successful administration of public affairs
is a matter of duty, as I trust it ever will be of inclination, no
matter from what motive or consideration the attempt may originate.
Pages:
519
520
521
522
523
524
525
526
527
528
529
530
531
532
533
534
535
536
537
538
539
540
541
542
543