“The Bank of the United States ‘ran into grave difficulties through mismanagement, speculation, and fraud.’ — James J. Kilpatrick, The Sovereign States; ‘[Henry Clay’s] income from this business [general counsel to the Bank of the United States] apparently amounted to what he needed: three thousand dollars a year from the bank as chief counsel; more for appearing in specific cases; and a sizable amount of real estate in Ohio and Kentucky in addition to the cash . . . . When he resigned to become Secretary of State in 1825, he was pleased with his compensation.’ –Maurice Baxter, Henry Clay and the American System”
formerly http://archive.lewrockwell.com/blog/lewrw/archives/133592.html
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