He who controls the money supply of a nation controls the nation.
It would convert the Treasury of the United States into a manufactory of paper money. It makes the House of Representatives and the Senate, or the caucus of the party which happens to be in the majority, the absolute dictator of the financial and business affairs of this country. This scheme surpasses all the centralism and all the Caesarism that were ever charged upon the Republican party in the wildest days of the war or in the events growing out of the war.
The President is the last person in the world to know what the people really want and think.
I am trying to do two things: dare to be a radical and not a fool, which is a matter of no small difficulty.
All free governments are managed by the combined wisdom and folly of the people.