Speech on bank directors appointment and checks and balances
Congressman Wilde argues against striking the clause that would appoint five bank directors by state influence. He defends minority power as a safeguard, noting that directors are generally reputable stockholders and merchants. He urges that checks on the board prevent abuses and tie government money to prudent oversight.
MENTIONED IN THIS ARTICLE
Wilde
Reeporesiacais
Ashare
N.C
Gaston
Pennsylvania
Kentucky
Virginia
New-York
Grosvenor
South Carolina
Jalhoun
Tucker
Union
Free States
Cao
Stanley
Tcis
N. York
North Carolina
North. Carolina
Congress
U. States
Mr. Gaston
Peracus
Peracar
Debate Over Bank Powers and Government Check
A congressional speech argues for a government check on a national bank to prevent manipulation by private interests. The speaker warns that in wartime a bank with strong influence could undermine debt funding, urging government directors to guard the public interest while resisting patronage and factional control.
Also Mentioned on This Page
House OF Representatives
Treasury
Senate
Impoe
United States
Bank of the United States