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729. BANKS, Power to establish.—[further continued] .

The State Legislature
should be immediately urged to relinquish the
right of establishing banks of discount. Most
of them will comply, on patriotic principles,
under the convictions of the moment and the
non-complying may be crowded into concurrence
by legitimate devices.—
To Thomas Cooper. Washington ed. vi, 382.
(M. Sep. 1814)