“Nearly all of it is now called in by the banks, who have the regulation of the safety-valves of our fortunes, and who condense and explode them at their will.”

— Thomas Jefferson

Letter to John Adams (1819) http://www.yamaguchy.netfirms.com/7897401/jefferson/1819.html ME 15:224
Posthumous publications, On financial matters

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Nearly all of it is now called in by the banks, who have the regulation of the safety-valves of our fortunes, and who c…" by Thomas Jefferson?

Thomas Jefferson 456

3rd President of the United States of America 1743–1826

Related quotes

“We were laboring under a dropsical fulness of circulating medium. Nearly all of it is now called in by the banks, who have the regulation of the safety-valves of our fortunes, and who condense and explode them at their will. Lands in this State cannot now be sold for a year’s rent; and unless our Legislature have wisdom enough to effect a remedy by a gradual diminution only of the medium, there will be a general revolution of property in this state.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

Letter to John Adams (7 November 1819) http://oll.libertyfund.org/Home3/HTML.php?recordID=0054.12#hd_lf054-12_head_057 ME 15:224 : The Writings of Thomas Jefferson "Memorial Edition" (20 Vols., 1903-04) edited by Andrew A. Lipscomb and Albert Ellery Bergh, Vol. 15, p. 224
1810s

“Our commonest man, emulating his superiors, forges ahead with a brick on the safety valve of his conscience.”

Philip Wylie (1902–1971) American writer

Source: Generation of Vipers (1942), p. 104
Context: Few men, indeed, are so mad that they do not know when they are doing wrong. But so avid is their pursuit of goods that wrongdoing has become an element of all they do. To protest that fact is idle. Our politics, our business — little and big, our professions, our labor, are smitten in every facet with a corruption occasioned by reckless determination to make not just a reasonable profit but all the profit that can be wrung from every enterprise. Our commonest man, emulating his superiors, forges ahead with a brick on the safety valve of his conscience. Think over your morning paper in that light.

“Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

Letter to Thomas Cooper, 1814. ME 14:61
Posthumous publications, On financial matters

“We make our own fortunes and we call them fate.”

Benjamin Disraeli (1804–1881) British Conservative politician, writer, aristocrat and Prime Minister

“To all the Callahan's Places there ever were or ever will be, whatever they may be called — and to all the merry maniacs and happy fools who are fortunate enough to stumble into one: may none of them arrive too late!”

Spider Robinson (1948) Canadian author

Toast in The Callahan Chronicals (1996) [originally published as Callahan and Company (1988)], Part IV : Earth … and Beyond, "Post Toast", p. 392

“There is inherent in every true football supporter a reservoir of natural optimism. This inner holding pond of hope springs eternal, and is the safety valve that regulates the emotional turbulence synonymous with professional football. It mollifies the annual agitation and soothes the savage beast of frustration. Without this optimistic dimension the personality of the authentic fan is incomplete.”

Damien Richardson (1947) Irish footballer and manager

Shamrock Rovers versus Finn Harps, 22 August 1999.

“I do have the toughest, most comprehensive plan to go after Wall Street. And not just the big banks, all the other financial interests that pose a threat to our economy. And I have said no bank is too big to fail and no executive is too powerful to jail, and I will use the powers that have now been passed by the Congress, by President Obama, who, incidentally, took a lot of money from Wall Street, which didn’t stop him from signing into law the toughest regulations on the financial industry since the Great Depression. There are a lot of different powerful interests in Washington. I’ve taken them on. I took on the drug companies. I took on the insurance companies. Before there was something called Obamacare, there was something called Hillarycare, and I worked really hard to get comprehensive health care reform.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Democratic Presidential Debate in Miami (March 9, 2016)

“And many of the people who buy or found banks have had no experience in banking at all. If they can learn it, so can we.”

Penny Lernoux (1940–1989) American writer and journalist

In Banks We Trust (1984).

“Where now? Who now? When now? Unquestioning. I, say I. Unbelieving. Questions, hypotheses, call them that. Keep going, going on, call that going, call that on.”

Samuel Beckett book The Unnamable

The Unnamable (1954)

“The poetic creation is nearly like the amazement state of a child who, in the first time, sees the strange phenomena of nature and finds out the human mysteries and complications… The poet is a selected person (temporarily called as a God-selected person), who is “granted a favour”in the spirit of Jesus Christ, or meets a “good fortune” in Buddhism.”

Mai Văn Phấn (1955) Vietnamese poet

Sáng tạo, tinh thần cho điểm đến - Nhà thơ Ko Hyeong Ryeol thực hiện PV http://maivanphan.vn/MaiVanPhan/32/398/781/1102/Tra-loi-phong-van/Sang-tao--tinh-than-cho-diem-den---Nha-tho-Ko-Hyeong-Ryeol-thuc-hien-PV.aspx

“Nearly all of it is now called in by the banks, who have the regulation of the safety-valves of our fortunes, and who condense and explode them at their will.”

Help us to complete the source, original and additional information

Thomas Jefferson 456

Related quotes

Related topics