Congress Debates Bank Directors Appointment Clause
Honorable Wilde argues against striking the clause that authorizes state appointment of five bank directors. He cites checks and balances, precedent from Virginia and New York, and the risk of political rewards for appointments. He defends limited state selection as a safeguard against factional control and notes the enduring need for restraints to preserve the government.
MENTIONED IN THIS ARTICLE
Wilde
Reeporesiacais
Ashare
N.C
Gaston
Pennsylvania
Kentucky
Virginia
New-York
Grosvenor
South Carolina
Jalhoun
Tucker
Union
Free States
Retaining a Government Check on the Bank
The speaker argues for a constitutional check to prevent the bank from becoming an engine for traitors or enemies of the government. He imagines wartime stress, bank manipulation, and depredations against public funds, asserting government deposits and notes grant a needed government stake. He warns against patronage and asserts the public must limit the bank to a safe, essential role as a financial machine rather than a political power.
MENTIONED IN THIS ARTICLE
Tcis
N. York
North Carolina
North. Carolina
Treasury
Senate
Impoe
United States
Bank of the United States
Also Mentioned on This Page
Congress
House OF Representatives
Cao
Stanley
U. States
Mr. Gaston
Peracus
Peracar