The capital of every public bank will of course be re- stricted within a certain defined limit It is the
of legislative prudence so to adjust this limit, that while it will not be tod contracted for the demand, which the course of business may create, and for the security which the pub- lic ought to have for the solidity of the paper which may be issued bytinebank, it will still be within the compass of the pecuniary resources of the community j so that there may be an easy practicability of completing the subscrip- tionstoi t When this is once done, the supposed effect of ne- cessity eeases.
Alexander Hamilton - 1790 - Report on a National Bank
