Sunday, July 4, 2010

Jefferson - Private Central Bank - Greater menace to liberty than a standing army

"Garfield said that whoever controls the supply of currency would to a large extent control the business and activities of all the people. The great and immortal Jefferson declared that a private central bank issuing the public currency was a greater menace to the liberties of the people than a standing army." - Mr. Crozier, p. 2904, 1913

http://books.google.com/books?id=NrYqAAAAYAAJ&pg=PA2904

Quoted directly from: Banking and Currency Hearings Before the Committee on Banking and Currency

United States Senate Sixty Third Congress First Session on H. R. 7837 (S. 2639)

A BILL TO PROVIDE FOR THE ESTABLISHMENT OF FEDERAL RESERVE BANKS FOR FURNISHING AN ELASTIC CURRENCY AFFORDING MEANS OF REDISCOUNTING COMMERCIAL PAPER AND TO ESTABLISH A MORE EFFECTIVE SUPERVISION OF BANKING IN THE UNITED STATES AND FOR OTHER PURPOSES

Washington 1913

Senate Banking and Currency Hearings H. R. 7837 (S. 2639) - Direct, To the Point. | Ron Paul 2012 | Campaign for Liberty at the Daily Paul

Full Text of the original Federal Reserve Act, U.S. Congress, 1913.
http://www.scribd.com/full/33896398?access_key=key-1mhi7pu5vcg63bb4vpr1