Thursday, May 15, 2008

Hamilton on a National Bank

The Patriot Post
Founders' Quote Daily

"The tendency of a national bank is to increase public and private
credit. The former gives power to the state, for the protection
of its rights and interests: and the latter facilitates and
extends the operations of commerce among individuals. Industry
is increased, commodities are multiplied, agriculture and
manufacturers flourish: and herein consists the true wealth and
prosperity of a state."

-- Alexander Hamilton (Report on Manufactures, 1790)

Reference: The Works of Alexander Hamilton, Henry Cabot Lodge,
ed., 362.

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