Quote #181

The State legislatures should be immediately urged to relinquish the right of establishing banks of discount. Most of them will comply, on patriotic principles, under the convictions of the moment; and the non-complying may be crowded into concurrence by legitimate devices.

More from Thomas Jefferson

  1. Instead of funding issues of paper on the hypothecation of specific redeeming taxes (the only method of anticipating, in a time of war, the…
  2. Necessity, as well as patriotism and confidence, will make us all eager to receive treasury notes, if founded on specific taxes. Congress m…
  3. Our people... will give you all the necessaries of war they produce, if, instead of the bankrupt trash they now are obliged to receive for …
  4. Treasury notes of small as well as high denomination, bottomed on a tax which would redeem them in ten years, would place at our disposal t…
  5. Put down the banks, and if this country could not be carried through the longest war against her most powerful enemy without ever knowing t…
  6. There can be no safer deposit on earth than the Treasury of the United States.
  7. In order to be able to meet a general combination of the banks against us in a critical emergency, could we not make a beginning towards an…
  8. The government of the United States have no idea of paying their debt in a depreciated medium, and... in the final liquidation of the payme…

All Thomas Jefferson quotes