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Financial Reform Debate on Banks and Public Money
The speech argues against government use of private banks to manage domestic and foreign exchanges. It warns that dependence on banks risks executive patronage, inflation of credit, and financial instability. It endorses separating the treasury from banks while preserving metallic currency and calls for careful congressional action and potential deposit offices. It notes past bank experiences, the need to maintain specie payments, and the benefits of a private system guided by law and public interest.
MENTIONED IN THIS ARTICLE
Secretary of the Treasury
Post Office Department
Europe
U. States
First Bank of the
United States
Bank of the United States
Bos
Wnd
Turs
Bet Ia
Laem
Courtess
Wvill
Phos Banks
Ita
I Batardens
Iganiniens
Wisdut
Hong
Lee UK
Possceeiene
Eesti
Donia
New York
Washington
Mayast
Urse
Tme
Earch
Army
Navy
Congress
Department
Senate
Pblic
Confederacy
Treasury