"The few who understand the system, will either be so interested in
its profits, or so dependent on its favours that there will be no
opposition from that class, while on the other hand, the great body
of the people mentally incapable of comprehending the tremendous
advantage that capital derives from the system, will bear its burdens
without complaint, and perhaps without even suspecting that the system
is inimical to their interests." | by: | John Sherman
(1823-1900) US Congressman, Senator (R-OH), Secretary of the Treasury and Secretary of State |
Date: | June 25, 1863 |
Source: | in a letter sent to New York bankers, Morton, and Gould, in support of the then proposed National Banking Act |
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