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What is a permanent loan but a mortgage upon the wealth and industry of the country? It is the only form of indebtedness, as experience has shown, by which heavy and durable encumbrance can be laid upon the community.
John C. Calhoun
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"What is a permanent loan but a mortgage upon the wealth and industry of the country? It is the only form of indebtedness, as experience has shown, by which heavy and durable encumbrance can be laid upon the community."
— John C. Calhoun #moneywealth

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What is a permanent loan but a mortgage upon the wealth and industry of the country? It is the…

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What is a permanent loan but a mortgage upon the wealth and industry of the country? It is the only form of indebtedness, as experience has shown, by which heavy and durable encumbrance can be laid upon the community. — John C. Calhoun

About John C. Calhoun

John C. Calhoun was a Statesman from United States (1782–1850).

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Frequently Asked Questions

Who said "What is a permanent loan but a mortgage upon the wealth and industry of the cou…"?
This quote is attributed to John C. Calhoun, a Statesman from United States.
When did John C. Calhoun live?
John C. Calhoun lived from 1782 – 1850.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.