The machine will not work; but if it does work, its first and most obvious operation will be to create a new currency, adding a third to the greenbacks and bank-notes already existing, besides creating a new class of banks.
Sumner warns that a new banking system could complicate the existing currency situation.
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More from Charles Sumner
Early testimony of the Church against, I. 59.
Sovereignty of, belongs to the people, XVI. 28.
His loyalty to the Declaration of Independence, XIX. 317.
Opening of United States courts to colored, XI. 389.
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