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.
Share
More from Charles Sumner
Tendencies of nations, as revealed in history, teach that our aims are in harmony with prevailing laws, which God, in his benevolence, has ordained for mankind.
Again I repeat, so long as the War System prevails under the sanction of International Law, these painful incongruities will be apparent.
Endeavor, for a moment, by comparison with other interests, to grapple with this sum.
Let us at all hazards prevent the extension of Slavery and the increase of the Slave Power.
Other voices in this conversation
