Note 28 — Chapter IV
Reading edition
Mr. Webster does not enter on that part of Mr. Calhoun’s speech in which the latter observes, that the Government, issuing Treasury notes only to the amount of the anticipated revenue, and for the necessary expenses of the State, could not abuse its privilege half so much as the United States’ Bank, dependent as the latter is on commercial fluctuations, and on the peculiar system of credit established in America.