Political Quotes

Martin Van Buren: Not only were specie payments resumed without its aid, but exchanges have also been more rapidly restored than when it…

On the record
Not only were specie payments resumed without its aid, but exchanges have also been more rapidly restored than when it existed, thereby showing that private capital, enterprise, and prudence are fully adequate to these ends.
Said by
Martin Van Buren
Democratic · New York

Editor's note · Context

Van Buren asserts that the economy has recovered without the need for a national bank, showcasing the capability of private enterprise.

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