Benjamin Fitzpatrick - Governor of Alabama - Failure of State Banks

Failure of State Banks

The country was plagued by economic depression as a result of the Panic of 1837. Fitzpatrick's predecessor, Governor Arthur P. Bagby introduced measures to assist the state banks but the state legislature rejected most of the measures. All the state banks were closed by Fitzpatrick.

Read more about this topic:  Benjamin Fitzpatrick, Governor of Alabama

Famous quotes containing the words failure of, failure, state and/or banks:

    The failure of academic feminists to recognize difference as a crucial strength is a failure to reach beyond the first patriarchal lesson. In our world, divide and conquer must become define and empower.
    Audre Lorde (1934–1992)

    The clearest explanation for the failure of any marriage is that the two people are incompatible—that is, that one is male and the other female.
    Anna Quindlen (b. 1952)

    Marry first, and love will come after is a shocking assertion; since a thousand things may happen to make the state but barely tolerable, when it is entered into with mutual affection.
    Samuel Richardson (1689–1761)

    Three million of such stones would be needed before the work was done. Three million stones of an average weight of 5,000 pounds, every stone cut precisely to fit into its destined place in the great pyramid. From the quarries they pulled the stones across the desert to the banks of the Nile. Never in the history of the world had so great a task been performed. Their faith gave them strength, and their joy gave them song.
    William Faulkner (1897–1962)