12 April 1839
Clay, Henry, 1777-1852
Autograph letter signed
Title: to Nathaniel P. Tallmadge
Expresses his agreement with a speech that Tallmadge gave recently concerning the three great systems of policy; internal improvements, the tariff, and the Bank of United States. Writes about state banks and whether or not they can supply sound, stable currency of uniform value. Remarks that he believes the banks established in New York are able to do this. Notes that if the state banks can accomplish this, there will be no need of a Bank of the United States. Confesses that he has reservations about whether or not this is possible since there are so many states in the Union with so many…
GLC05097