[Albert Gallatin by John Austin Stevens]@TWC D-Link book
Albert Gallatin

CHAPTER VI
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Eighteen thousand shares of the bank stock were held abroad, and seven thousand shares, or a little more than one fourth part of the capital, in the United States.

A table of all the dividends made by the bank showed that they had on the average been at the rate of 8-3/8 (precisely 8-13/34) per cent.

a year, which proved that the bank had not in any considerable degree used the public deposits for the purpose of extending its discounts.

From a general view of the debits and credits, as presented, it appeared that the affairs of the Bank of the United States, considered as a moneyed institution, had been wisely and skillfully managed.

The advantages derived by the government Mr.Gallatin stated to be, 1, safekeeping of the public moneys; 2, transmission of the public moneys; 3, collection of the revenue; 4, loans.


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