Charles Sumner: “The run did not originate in any over-issue of bank paper, but grew…”

On the record

The run did not originate in any over-issue of bank paper, but grew entirely out of political causes.

Said by

Massachusetts

Source

Sumner clarifies that the run on the bank was driven by political causes rather than financial mismanagement.

More from Charles Sumner

Sovereignty of, belongs to the people, XVI. 28.

Women’s National League, petition of, for universal emancipation, X. 300.

Early testimony of the Church against, I. 59.

Slave Power, necessity of political action against the, II. 207.

Other voices in this conversation

Charles Sumner: “The run did not originate in any over-issue of bank paper, but grew entirely out of political causes.”