On the record
On the establishment of a national bank it became the interest of its creditors that gold should be superseded by the paper of the bank as a general currency.
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gutenberg.orgOn the establishment of a national bank it became the interest of its creditors that gold should be superseded by the paper of the bank as a general currency.
Jackson discusses the impact of the national bank on the currency system, favoring paper over gold.
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The paper money system of this country may be used as an engine to undermine your free institutions.
The power, however, is in your hands, and the remedy must and will be applied if you determine upon it.