A Memoir of S. S. Prentiss

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The people look to Congress for this restoration, and they demand that it speedily be made.
I believe that not merely the best, but the only mode of restoring the currency of this country to a sound condition, and keeping it so, is the establishment of a National Bank. I believe we cannot have a currency in the United States adequate to carry on the business of the country, without such an institu- tion. We certainly cannot have an exclusively metallic cur- rency, though there is a party who ho
...ld the proposition that we can. All wise politicians, however, repudiate the monstrous absurdity. Even the Globe denies that either the Administra- tion or any prominent member of the party, ever advanced so foolish a doctrine. Indeed sensible men all join in scouting it, and it is now the peculiar property of the Loco Focoi. I look upon the' theory of a currency purely metallic in a country like this, as one of the most unpleasant specimens of human imbe- cility ever exhibited.
I believe the State banks, alone, incapable of furnishing a sound currency.


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