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  • Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.

    Rutherford B. Hayes
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    Diary entry. "Diary and Letters of Rutherford Birchard Hayes: Nineteenth President of the United States". Book edited by Charles Richard Williams, The Ohio State Archaeological and Historical Society, July 13, 1879.
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Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times. - Rutherford B. Hayes
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