University of Virginia Library

725. BANKS, Paper.—

Interdict forever,
to both the State and National governments
the power of establishing any paper bank; for
without this interdiction we shall have the
same ebbs and flows of medium, and the same
revolutions of property to go through every
twenty or thirty years.—
To W. C. Rives. Washington ed. vii, 147. Ford ed., x, 151.
(M. 1819)