The action of the Government would have been independent of all corporations, and the same eye which rests unceasingly on the specie currency and guards it against adulteration would also have rested on the paper currency, to control and regulate its issues and protect it against depreciation.
John Tyler: “The action of the Government would have been independent of all corporations, and the same eye which rests unceasingly…”
Editor's note · Context
Tyler argues for government oversight of paper currency to prevent its depreciation.
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