On the record
On the other hand, it would give to the Government no greater security, for in case of failure the claim of the note holder would be no better than that of a depositor.
Source
gutenberg.orgMartin Van Buren: “On the other hand, it would give to the Government no greater security, for in case of failure the claim of the note…”
Editor's note · Context
Van Buren points out that using bank notes does not provide the government with additional security in case of bank failures.
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