The tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state. β¨ Alexander Hamilton (1851). The works of Alexander Hamilton: comprising his correspondence, and his political and official writings, exclusive of the federalist, civil and military, p.237
More Author Quotes
- Of those men who have overturned the liberties of republics, the greatest number have begun their career by paying an obsequious court to the people, commencing demagogues and ending tyrants. β¨ Alexa β¦ βΆ
- It is a just observation that the people commonly intend the Public Good. This often applies to their very errors. But their good sense would despise the adulator who should pretend they always reaso β¦ βΆ
- There are men who could neither be distressed nor won into a sacrifice of their duty; but this stern virtue is the growth of few soils: And in the main it will be found, that a power over a man's sup β¦ βΆ
- Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike. β¨ Alexander Hamilton, James Madison, John Jay (1831). T β¦ βΆ
- Constitutions should consist only of general provisions; the reason is that they must necessarily be permanent, and that they cannot calculate for the possible change of things. β¨ Alexander Hamilton, β¦ βΆ
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