Representative 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
In this country political agitation is not likely to be soon lulled. We shall have no violence, I think, except in Ireland, and even there I hope appearances are rather less threatening than were supposed a short time ago. But we shall have, and ought to have, a powerful agitation in favour of a real Parliamentary Reform, and to gain this would be worth some time longer of commercial depression. We have deluded ourselves with the notion that we are a free people, and have a good government and a representative system, whilst in fact our representative system is for the most part a sham, and the forms of representation are used to consolidate the supremacy of the titled and proprietary class. All this will break down by and by. From all parts of the country we hear of preliminary meetings and new organisations, Associations and Leagues, etc. The middle and working classes are beginning to see that united they may win all they require; divided they are a prey to their insatiable enemies.
John Bright