Seldom is any bank, under the existing system and practice, able to meet on demand all its liabilities for deposits and notes in circulation.
Martin Van Buren: “Seldom is any bank, under the existing system and practice, able to meet on demand all its liabilities for deposits and…”
Editor's note · Context
Van Buren critiques the banking system's inability to meet its obligations under current practices.
Share
More from Martin Van Buren
The communication of the Secretary of War and the accompanying report of the colonel of Topographical Engineers are respectfully submitted in reply to the resolution of the 15th of June last, calling for a plan and estimate for the…
I transmit a report of the Secretary of State, containing the information asked for by the resolution of the Senate of the 5th instant, relative to the negroes taken on board the schooner Amistad.
I transmit to the House of Representatives, in compliance with their resolution of the 30th January last, a report from the Secretary of State, with accompanying documents.
The report of the Secretary of War herewith and the accompanying documents are respectfully submitted in reply to the resolution of the Senate of June 30, 1840, calling for information in relation to the number of soldiers enlisted in the…





