On the record
To relieve this situation, Governor Marcy and the Legislature, acting with great promptness, pledged the State's credit to the banks, should the exigency require such aid, to the amount of six million dollars.
Source
gutenberg.orgDe Alexander: “To relieve this situation, Governor Marcy and the Legislature, acting with great promptness, pledged the State's credit…”
Editor's note · Context
This quote illustrates the proactive measures taken by Governor Marcy and the Legislature to support banks during a financial emergency.
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