At a few periods only was a salutary control exercised, but an eager desire, on the contrary, exhibited for profit in the first place; and if afterwards its measures were severe toward other institutions, it was because its own safety compelled it to adopt them.
Martin Van Buren: “At a few periods only was a salutary control exercised, but an eager desire, on the contrary, exhibited for profit in…”
Editor's note · Context
Van Buren discusses the national bank's inconsistent control over the banking system and its profit-driven motives.
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The information called for the reply is in the course of preparation and will be without doubt communicated at the commencement of the next session of Congress.
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.
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