On the record
We do not propose to tax them out of existence, but we propose to require that they shall lodge with the Government securities at a lower rate of interest.
Source
gutenberg.orgEditor's note · Context
Sumner clarifies that the intention is not to eliminate banks but to require them to secure government securities at a lower interest.
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It is true, doubtless, that there are various races of men; but there is but one great Human Family, in which Caucasian, Ethiopian, Chinese, and Indian are all brothers, children of one Father, and heirs to one happiness.
Let us at all hazards prevent the extension of Slavery and the increase of the Slave Power.
This will be the FREEDOM POWER, whose single object will be to resist the SLAVE POWER.
The devices of party can no longer stave it off.
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