The book Speech of Waddy Thompson of South Carolina On the Presidents Annual Message to was written by author Thompson, Waddy, 1798-1868 Here you can read free online of Speech of Waddy Thompson of South Carolina On the Presidents Annual Message to book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Speech of Waddy Thompson of South Carolina On the Presidents Annual Message to a good or bad book?
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That itself was regarded by most men who were best informed as a trial which the banks could not stand ; but they did. Yes, sir, and more. The Secretary of the Treasury, instead of allowing eighteen months for this tremendous operation, actually executed it in six months. I will not say, as some of his present friends have said, that it was done to defeat the salutary eflects of the measure. But he did it; and, to the astonishment of every one, the banks sustained themselves under this terrible... trial, and paid over at once about forty millions. No man would, a priori, have said that it was possible. This is not all. At the period of the suspension, in 1837, the banks held on account of the Government twenty-three millions. Congress granted thcin indulgence for eighteen months. They paid all but about two millions in less than six months — refusing to avai! themselves of your indulgence — and have secured, as the Secretary tells us, all the balance. If this be faithlessness and fraud, commend me to faithlessness and fraud for the balance of my life.
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