The idea of creating a national bank I do not concur in, because it seems now decided that Congress has not that power (although I sincerely wish they had it exclusively), and because I think there is already a vast redundancy rather than a scarcity of paper medium.

Summary

In this quote, the speaker expresses their disagreement with the concept of establishing a national bank. They believe that Congress lacks the authority to create such an institution, although they personally wish that authority existed exclusively with Congress. Additionally, they argue against the need for a national bank, stating that there is already an abundant supply of paper currency in existence. The speaker's viewpoint reflects their skepticism towards the necessity and legality of a national bank.

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