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.orgCharles Sumner: “We do not propose to tax them out of existence, but we propose to require that they shall lodge with the Government…”
Editor'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.
Share
More from Charles Sumner
Slavery and the: speech in New York, XI. 433.
Early testimony of the Church against, I. 59.
Working-men of Europe, desire abolition of war, XVIII. 236.
Slave Power, necessity of political action against the, II. 207.
Other voices in this conversation
