By golly! Raising the ghost of Ezra Pound and through him John Adams. In Pound's paraphrase of Adams; Aug. 28, 1811 letter to Benjamin Rush: "Every bank of discount is a downright corruption/ taxing the public for private individuals' gain./ and if i say this in my will/ the American people wd/ pronounce I died crazy." See Pound (canto 71/ p. 416). Here is Adams: fuller language: A national bank of deposit I believe to be wise, just, prudent, economical and necessary. But every bank of discount, every bank by which interest is paid or profit of any kind made by the deponent, is downright corruption. It is taxing the public for the benefit and profit of individuals..." Adams WORKS IX , 638.
By golly! Raising the ghost of Ezra Pound and through him John Adams. In Pound's paraphrase of Adams; Aug. 28, 1811 letter to Benjamin Rush: "Every bank of discount is a downright corruption/ taxing the public for private individuals' gain./ and if i say this in my will/ the American people wd/ pronounce I died crazy." See Pound (canto 71/ p. 416). Here is Adams: fuller language: A national bank of deposit I believe to be wise, just, prudent, economical and necessary. But every bank of discount, every bank by which interest is paid or profit of any kind made by the deponent, is downright corruption. It is taxing the public for the benefit and profit of individuals..." Adams WORKS IX , 638.