Political Quotes

James Blaine: “The banks of the country, many of them in reckless, speculative hands, were freed by the suspension of specie payment…”

On the record
The banks of the country, many of them in reckless, speculative hands, were freed by the suspension of specie payment from their just responsibility, and might flood the country with worthless paper which would entail great distress upon the people.
Said by
James Blaine
Republican · Maine

Editor's note · Context

Blaine warns about the dangers of banks flooding the economy with worthless currency due to lack of accountability.

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