EXPLAINING THE GOVERNMENT'S RESPONSE TO FIRST REPUBLIC BANK
If the writing is on the wall, why doesn't the government get on with the task at hand?
“A system like the banking system, in which the interests of all are so intimately interwoven, must be treated with great delicacy. A system dependent solely on public confidence should itself exhibit confidence. Any doubt thrown upon one member must excite doubt in regard to them all. This was finally proved yesterday.”
MONDAY, SEPTEMBER 28, 1857, THE N…
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