Quote by Thomas Jefferson

The States should be urged to concede to the General Government, with a saving of chartered rights, the exclusive power of establishing banks of discount for paper.

The States should be urged to concede to the General Governm

Summary

This quote suggests that the states should be encouraged to give up their individual rights in favor of allowing the central government to have sole authority in establishing banks for paper money transactions. The quote implies that this consolidation of power would be beneficial as it would create a more cohesive and efficient banking system. However, it emphasizes the importance of protecting the states' individual rights in the process.

Topics

Power Government Rights

By Thomas Jefferson

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