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John C. Calhoun: “A power has risen up in the government greater than the people themselves”

29 August 2015

John C. Calhoun

“A power has risen up in the government greater than the people themselves, consisting of many and various and powerful interests, combined into one mass, and held together by the cohesive power of the vast surplus in the banks.”

– John C. Calhoun, in a speech given on 27 May 1836

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