Rob Quotes - page 3
To the existence of banks of discount for cash... there can be no objection, because there can be no danger of abuse, and they are a convenience both to merchants and individuals. I think they should even be encouraged, by allowing them a larger than legal interest on short discounts, and tapering thence, in proportion as the term of discount is lengthened, down to legal interest on those of a year or more. Even banks of deposit, where cash should be lodged, and a paper acknowledgment taken out as its representative, entitled to a return of the cash on demand, would be convenient for remittances, travelling persons, etc. But, liable as its cash would be to be pilfered and robbed, and its paper to be fraudulently re-issued, or issued without deposit, it would require skilful and strict regulation.
Thomas Jefferson
And now, in ample measure, the French began to reap the harvest of their folly. Conquest, gold, and military occupation had alone been their aims. Not a rod of ground had been stirred with the spade. Their stores were consumed, and the expected supplies had not come. The Indians, too, were hostile. Satouriona hated them as allies of his enemies; and his tribesmen, robbed and maltreated by the lawless soldiers, exulted in their miseries. Yet in these, their dark and subtle neighbors, was their only hope.
Francis Parkman