"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 independent use of our own money, towards holding our own bank in all the deposits where it is received, and letting the treasurer give his draft or note for payment at any particular place, which, in a well-conducted government, ought to have as much credit as any private draft or bank note or bill, and would give us the same facilities which we derive from the banks?"
React to this quote
More by Thomas Jefferson
See allResonant Thoughts
"Take the case of a famous problem which plays a great part in the history of Greek geometry, the doubling of the cube, or its equivalent, the finding of two mean proportionals in continued proportion …"
"It is hard to ignore the prima facie dumbness that got us bogged down in this nasty war in the first place. This is not going to be like Daddy's War, old sport. He actually won, and he still got run o…"
Explore Further
Related Quotes
"All of us have had the experience of finding a particularly felicitous phrase in poetry and of feeling: “Th…"
— Richard Weaver"The state has an active role to play in ensuring that there is equilibrium between the constituent parts of…"
— Pierre Trudeau"As part of my current charge I have been instructed to provide an occasional journal of my recent activities*."
— Jonathan Stroud"I can't hold out any longer and am in a state of utter despair. After a few days of good weather, it's rain…"
— Claude Monet"Yet, like so many of the D'Oyly Carte principals, he makes up in enthusiasm what he lacks in vocal prowess."
— John Reed (actor)"The various parts of the body cannot be perceived as simple units and have no clear relationship to one ano…"
— Kenneth Clark