On the record
If the government goes down, there is not a considerable bank in America that does not go down with it.
Source
gutenberg.orgJames Blaine: “If the government goes down, there is not a considerable bank in America that does not go down with it.”
Editor's note · Context
Blaine warns of the interconnectedness of government stability and the banking system, emphasizing the risks involved.
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Without the exercise of those functions which belong exclusively to the civil service, the laws cannot be executed in any event, no matter what may be the physical strength which the Government has at its command.
If this view of the subject be correct, as I think it is, then the Union must utterly perish at the moment when Congress shall arm one part of the people against another for any purpose beyond that of merely protecting the General…
Is any portion of the people bound to contribute their money or their blood to carry on a contest like that?
Under such circumstances, to send a military force into any State, with orders to act against the people, would be simply making war upon them.
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