Political Quotes

John Tyler: “The power exerted by the States to charter banking corporations, and which, having been carried to a great excess, has…”

On the record
The power exerted by the States to charter banking corporations, and which, having been carried to a great excess, has filled the country with, in most of the States, an irredeemable paper medium, is an evil which in some way or other requires a corrective.
Said by
John Tyler
Whig · Virginia

Editor's note · Context

He identifies the excessive chartering of banking corporations as a major problem requiring correction.

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