Political Quotes

Charles Sumner: “And as the Bank, though possessed of ample funds, was without the means of instantly retiring her notes, she might, but…”

On the record
And as the Bank, though possessed of ample funds, was without the means of instantly retiring her notes, she might, but for the interference of Government, have been obliged to stop payments,--an event, which, had it occurred, might have produced consequences fatal to the public interests.
Said by
Charles Sumner
Massachusetts

Editor's note · Context

Sumner describes the precarious situation of the Bank and the potential consequences of government interference.

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