It is a system not only ruinous while it lasts, but one that must soon fail and leave us destitute.
Abraham Lincoln: “It is a system not only ruinous while it lasts, but one that must soon fail and leave us destitute.”
Editor's note · Context
From a Whig Committee address, Lincoln describes a loan-dependent economic system as inherently destructive and destined to leave the populace impoverished.
Share
More from Abraham Lincoln
If I were to try to read, much less answer, all the attacks made on me, this shop might as well be closed for any other business.
I do the very best I know how--the very best I can; and I mean to keep doing so until the end.
He said, with a great deal of emphasis, and with an expression of countenance I shall never forget: "When a man is sincerely penitent for his misdeeds, and gives satisfactory evidence of the same, he can safely be pardoned, and there is no…
Unlike a case of war between independent nations, there is no organized organ for us to treat with,--no one man has authority to give up the rebellion for any other man.





