Remarks of the Hon Waddy Thompson On the Proposition to Recognize the Republic
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To quickly assess the difficulty of the text, read a short excerpt:
No man here will dare rise in his place and at- tempt to prove that indebtedness from corporations is not a more safe con- dition than indebtedness from individuals. We have tried both. We have found the one class dishonest, tempted even by small sums to defraud the public, and led on to peculate at last to the amount of millions. And what is the remedy 1 Why, sir, to make them tho depositaries of our entire revenue- That is the logic. Were these logicians acting in their own private affairs, I... am apt to think they would draw sounder conclusions.
Take this case of Swartwout. In carrying the public funds from the custom-house to the bank, he embezzled more than a million ; the panacea is, to give him miilionn on millions to keep permanently. Small sums are not safe whilst merely in transitu from the custom-house to the bunk ; but we are urged to trust millions to them permanently; and why? Because of the additional cobweb securities of this bill. It is-, in my judgment, a most unsafe mode of keeping the public money, and fearfully demoralizing in its tendency.
What to read after Remarks of the Hon Waddy Thompson On the Proposition to Recognize the Republic?
You can find similar books in the "Read Also" column, or choose other free books by Thompson, Waddy, 1798-1868 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
No man here will dare rise in his place and at- tempt to prove that indebtedness from corporations is not a more safe con- dition than indebtedness from individuals. We have tried both. We have found the one class dishonest, tempted even by small sums to defraud the public, and led on to peculate at last to the amount of millions. And what is the remedy 1 Why, sir, to make them tho depositaries of our entire revenue- That is the logic. Were these logicians acting in their own private affairs, I... am apt to think they would draw sounder conclusions.
Take this case of Swartwout. In carrying the public funds from the custom-house to the bank, he embezzled more than a million ; the panacea is, to give him miilionn on millions to keep permanently. Small sums are not safe whilst merely in transitu from the custom-house to the bunk ; but we are urged to trust millions to them permanently; and why? Because of the additional cobweb securities of this bill. It is-, in my judgment, a most unsafe mode of keeping the public money, and fearfully demoralizing in its tendency.
What to read after Remarks of the Hon Waddy Thompson On the Proposition to Recognize the Republic?
You can find similar books in the "Read Also" column, or choose other free books by Thompson, Waddy, 1798-1868 to read onlineMoreLess
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