On the record
The borrowers would become servants to the lenders, the lenders the masters of the people.
Source
gutenberg.orgAndrew Johnson: “The borrowers would become servants to the lenders, the lenders the masters of the people.”
Editor's note · Context
Johnson describes the potential servitude of borrowers to lenders due to national debt.
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More from Andrew Johnson
Jan 6, 1869
I transmit herewith, in answer to a resolution of the House of Representatives of the 16th of December last, a report from the Secretary of State of the 6th instant.
Jul 17, 1868
I transmit the accompanying communications from the Secretary of the Interior, together with the papers to which they have reference.
Jul 19, 1868
No power exists in the Constitution authorizing the joint resolution or the supposed law--the only difference being that one would be more palpably unconstitutional and revolutionary than the other.
Jul 17, 1868
The danger of a defeat of the people's choice in an election by the House of Representatives remains unprovided for in the Constitution.
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