Thus paper was issued at one place which was payable at another and a distant place; and among other results there ensued a constant inflation of credit.
"Thomas Hart Benton"
Theodore Roosevelt
They were very mischievous in their workings; they had none of the marks of convertible bank-notes or money, and so long as credit was active there could be no check on the inflation of the currency by them.
"Thomas Hart Benton"
Theodore Roosevelt
The panic was now subsiding; there had not been time for Jackson's ruinous policy of making deposits in numerous state banks, and thereby encouraging wild inflation of credit, to bear fruit and, as it afterwards did, involve the whole country in financial disaster.
"Thomas Hart Benton"
Theodore Roosevelt