University of Virginia Library

702. BANKS, Excess of.—

That we are
overdone with banking institutions, which
have banished the precious metals, and substituted
a more fluctuating and unsafe medium,
that these have withdrawn capital from
useful improvements and employments to
nourish idleness * * * are evils more
easily to be deplored than remedied.—
To Abbe Salimankis. Washington ed. v, 516.
(M. 1810)