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.
James Blaine: “The banks of the country, many of them in reckless, speculative hands, were freed by the suspension of specie payment…”
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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You can use force only to repel an assault on the public property and aid the Courts in the performance of their duty.
The right of the General Government to preserve itself in its whole constitutional vigor by repelling a direct and positive aggression upon its property or its officers cannot be denied.
And if Congress shall break up the present Union by unconstitutionally putting strife and enmity and armed hostility between different sections of the country, instead of the domestic tranquility which the Constitution was meant to insure…
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…





