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Quote by Nicholas Biddle

“Nothing but widespread suffering will produce any effect on Congress... Our only safety is in pursuing a steady course of firm restriction - and I have no doubt that such a course will ultimately lead to restoration of the currency and the re-charter of the bank.”

Quote by Nicholas Biddle

Author

Nicholas Biddle
Nicholas Biddle

Nicholas Biddle was an influential American financier, born on January 8, 1786, and died on February 27, 1844. He held a significant position in the history of American finance, serving as the president of the Bank of Pennsylvania and later as the president of the Second Bank of the United States, where he had a profound impact on the country's financial system. more

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“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.”