Econlib

The Library

Other Sites

Front Page arrow Titles (by Subject) arrow GALLATIN TO N. BIDDLE. - The Writings of Albert Gallatin, vol. 2

Return to Title Page for The Writings of Albert Gallatin, vol. 2

Search this Title:

Also in the Library:

Subject Area: Economics
Subject Area: Political Theory

GALLATIN TO N. BIDDLE. - Albert Gallatin, The Writings of Albert Gallatin, vol. 2 [1879]

Edition used:

The Writings of Albert Gallatin, ed. Henry Adams (Philadelphia: J.B. Lippincott, 1879). 3 vols.

Part of: The Writings of Albert Gallatin, 3 vols.

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


GALLATIN TO N. BIDDLE.

Dear Sir,

Yours of 6th instant is received. I would not in ordinary cases feel the slightest reluctance to receive compensation for my labor. This would indeed be convenient at this time, as I must withdraw to the country unless I can make some addition to my income. But the article on banks and currency makes an exception. On this I had made up my mind from the beginning. I did not write, and would not have written, and do not wish it to be supposed that I have written, for the Bank of the United States; and I necessarily must accordingly decline any compensation. So far as I am concerned, I did write, on Mr. Walsh’s invitation, on a subject of great importance, and am quite satisfied provided the bank will at its expense print and publish my corrected copy. I am confident that a moment’s reflection will satisfy you that my decision is correct as respects myself, public utility, or the bank itself. Under existing circumstances, he who happens to have drawn conclusions favorable to the renewal of the charter must have no personal interest for having come to that result, if he wishes to produce any effect.

I have the honor, &c.

I will let you know how many copies I may want of the pamphlet.