Debates on a national bank and government funds
The text argues against establishing a national bank, warning it would entrench private interests and threaten republican liberty. It analyzes how banks and government deposits distort credit, favor speculation, and risk fiscal collapse, urging management of funds by the treasury and private, competitive exchanges. It cites Britain and the United States, stressing transfer, disbursement, and revenue collection should remain with government officers.
MENTIONED IN THIS ARTICLE
Great Britain
United States
Ple
Congress
Bank of the
Bank of the United Sates
Post Office Department
Europe
Toe Rere
U. Guus
Bank of the United States
Wolfire
Tressuey
Treasury
Avaultina Bank
Directos
Banka
New York
Washington
Bin
Reconsidering Public Money and Bank Relations
The document argues for shifting Treasury custody from banks to legally established treasury officers, outlining safeguards, costs, and supervisory measures. It discusses the balance of public funds, the risks of executive patronage, and the need for a secure system to collect and disburse revenue while preserving specie and avoiding depreciated banknotes.
Also Mentioned on This Page
Meneye
Caboe
Petes
Secretary of the Treasury
Ech
Army
Navy
Senate
Treasury Department
Came