Thursday, June 5, 2014

Biddle to Appleton Jan 27 1834

Nothing but the evidence of suffering abroad 
will produce any effect in Congress. If the Bank remains 
strong & quiet, the course of events will save the Bank & 
save all the institutions of the country which are now in great 
peril. But if, from too great a sensitiveness — from the fear 
of offending or the desire of conciliating, the Bank permits 
itself to be frightened or coaxed into any relaxation of its 
present measures, the relief will itself be cited as evidence 
that the measures of the Gov*, are not injurious or oppres- 
sive, and the Bank will inevitably be prostrated. Our only 
safety is in pursuing a steady course of firm restriction
 
http://www.archive.org/stream/correspondenceof00bidd/correspondenceof00bidd_djvu.txt 

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