“The Bank of the United States ‘ran into grave difficulties through mismanagement, speculation, and fraud.’ — James J. Kilpatrick, The Sovereign States;  ‘[Henry Clay’s] income from this business [general counsel to the Bank of the United States] apparently amounted to what he needed: three thousand dollars a year from the bank as chief counsel; more for appearing in specific cases; and a sizable amount of real estate in Ohio and Kentucky in addition to the cash . . . . When he resigned to become Secretary of State in 1825, he was pleased with his compensation.’ –Maurice Baxter, Henry Clay and the American System”

http://archive.lewrockwell.com/blog/lewrw/archives/133592.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy