Extract from Thomas Jefferson to Richard Rush
| Monticello June 22. 19. |
the eyes of our citizens are not yet sufficiently open to the true cause of our distresses. they ascribe them to every thing but their true cause, the banking system; a system, which, if it could do good in any form, is yet so certain of leading to abuse, as to be utterly incompatible with the public safety and prosperity. at present all is confusion, uncertainty and panic.
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June 22, 1819
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