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  • Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.

    John Adams, Benjamin Rush (1892). “Old Family Letters: Copied from the Originals for Alexander Biddle... Series A-[B]”
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