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Spencer RoAne

Spencer RoAne


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About the Book

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 edition. Excerpt: ...by Con gress. In answer, I reply, that it is my intention by these remarks to bring that subject into discussion. I am willing to acquiesce in this particular case, so long as the charter continues without being violated--because it has been repeatedly argued before Congress, and not only in 1791, but in 1815, was so solemnly decided in favor of the measure. But it is against the principles which brought it into life in the year 1791, and those by which it is supported now by the Supreme Court, that I protest: I deprecate the consequences of those principles, and wish to raise my feeble voice in warning my countrymen of the danger of them. There is supposed to have been a very wide difference between the principles which caused that bank to be established in 1791, and those of 1815. On the first occasion it was boldly urged by Mr. Hamilton that necessary meant useful, or conducive to; that the bank, although not indispensably necessary, would be convenient, and would facilitate the collection of the revenue, and the borrowing of money; and the preamble to the Bank Bill recited that it is conceived to be conducive to the successful conducting of the finances, and conceived to tend to give facility to the obtaining of loans. The reason, however, which prevailed in 1815 was different. It was then conceived that the establishment of a bank was a necessary means for conducting the fiscal operations of the government; it was urged with great warmth that the government could not go on without it. Although in 1811 the charter of the old bank expired, there could not be found friends enough to renew it; but in 1815 the paper which had been thrown into circulation by the establishment of numerous State banks, having become extremely...


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Product Details
  • ISBN-13: 9781234185084
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 48
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1234185083
  • Publisher Date: 15 Jan 2013
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 104 gr


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