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Edited on Tue Apr-22-08 12:53 PM by JDPriestly
"The System of Banks begotten, hatched and brooded by Duer, Robert and Governeur Morris, Hamilton and Washington, I have always considered as a System of national Injustice. A Sacrifice of public and private Interest to a few Aristocratical Friends and Favourites . My scheme would have had no such Effect. (He proposed a Constitutional Amendment to prohibit states from establishing banks and, instead, establishing one national bank with a capital limited to ten million dollars.)
Verres plundered Temples and robbed a few rich Men; but he never made such ravages among private property in general, nor swindled so much out of the pocketts of the poor and middle Class of People as these Banks have done. No people but this would have borne the Imposition so long. The People of Ireland would not bear Woods half pence. What Inequalities of Talent, have been introduced in this Country by these Aristocratical Banks!"
John Adams to Thomas Jefferson -- Quincy November 15, 1813, The Adams-Jefferson Letters edited by Lester J. Cappon (1959) pp. 401-402.
This excerpt is from a long letter.
Down with Ayn Rand and her aristocratic drivel.
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