University of Virginia Library

704. BANKS, Failures of.—

The failure
of our banks will occasion embarrassment for
awhile, although it restores to us a fund
which ought never to have been surrendered
by the nation, and which now, prudently used,
will carry us through all the fiscal difficulties
of the war.—
To President Madison. Washington ed. vi, 386.
(M. Sep. 1814)