On the record
This vast debt, if permitted to become permanent and increasing, must eventually be gathered into the hands of a few, and enable them to exert a dangerous and controlling power in the affairs of the Government.
Source
gutenberg.orgAndrew Johnson: “This vast debt, if permitted to become permanent and increasing, must eventually be gathered into the hands of a few…”
Editor's note · Context
He warns that a growing national debt could concentrate power in the hands of a few individuals.
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Jul 19, 1868
Feeling constrained to withhold my consent, I herewith return the resolution to the Senate, in which House it originated, with a brief statement of the reasons which have induced my action.
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.
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