Political Quotes

Martin Van Buren: Is an argument required beyond the exposition of these facts to show the impropriety of using our banking institutions…

On the record
Is an argument required beyond the exposition of these facts to show the impropriety of using our banking institutions as depositories of the public money?
Said by
Martin Van Buren
Democratic · New York

Editor's note · Context

Van Buren argues against using banks as depositories for public money due to their inherent risks.

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More from Martin Van Buren

Jun 18, 1840

SIR: I transmit a communication from the Secretary of the Navy, suggesting that an appropriation of $50,000 be made by Congress to meet claims of navy pensioners, payable on the 1st of July next, reimbursable by a transfer of stocks…

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Dec 4, 1840

Thus believing, it has been my purpose to secure to the whole people and to every member of the Confederacy, by general, salutary, and equal laws alone, the benefit of those republican institutions which it was the end and aim of the…

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Dec 4, 1840

A rigid and persevering abstinence from all interference with the domestic and political relations of other States...

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Dec 9, 1840

I transmit, for the action of the Senate, a communication from the Secretary of War, on the subject of the transfer of Chickasaw stock to the Choctaw tribe, which the accompanying papers explain.

presidency.ucsb.edu

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