The advocates of a uniform and stable system of banking to cure the manifold evils then prevailing, admitted that the prerogative of the States could not be questioned, but urged that the exercise of it had invariably increased and often produced the financial troubles which had afflicted the country in the past.
James Blaine: “The advocates of a uniform and stable system of banking to cure the manifold evils then prevailing, admitted that the…”
Editor's note · Context
Blaine discusses the impact of state banking practices on national financial stability.
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