Political Quotes

John Tyler: “In a new country like that of the United States, where so many inducements are held out for speculation, the…”

On the record
In a new country like that of the United States, where so many inducements are held out for speculation, the depositories of the surplus revenue, consisting of banks of any description, when it reaches any considerable amount, require the closest vigilance on the part of the Government.
Said by
John Tyler
Whig · Virginia

Editor's note · Context

Tyler warns about the need for government vigilance over banks managing surplus revenue in a speculative environment.

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