Publisher's Synopsis
Excerpt from Remarks of the Hon. John C. Calhoun, Delivered in the Senate of the United States, March 21, 1834: On the Motion of Mr. Webster, for Leave to Introduce a Bill to Continue the Charter of the Bank of the United States for Six Years After the Expiration of the Present Charter
This is strikingly exemplified in.the ra pid progress of the system Since its first introduction into our country. At the adoption of our Constitution, a period of fort -five years, there were but three banks iirtlie United States, the amount of whose capital I do not now recollect, but it was very small. In this short space they have increased to four hundred and fifty, With a capital of one hundred and forty-five mil lions, as has already been stated - an in crease exceeding nearly a hundred fold the proportionate increase of our wealth and population, as great as the have been.
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