On the record
The banks would issue unlimited amounts of what would become trash, and buy good hard-money bonds of the nation.
Source
gutenberg.orgJames Blaine: “The banks would issue unlimited amounts of what would become trash, and buy good hard-money bonds of the nation.”
Editor's note · Context
Blaine warns that banks would exploit a financial scheme to issue worthless currency.
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More from James Blaine
You can use force only to repel an assault on the public property and aid the Courts in the performance of their duty.
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.
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…
All these provisions are made to protect the States, not to authorize an attack by one part of the country upon another; to preserve the peace, and not to plunge them into civil war.
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