On the record
The State banks have performed their task as agents of currency, and the time has come for them to abdicate,--or, if they do not abdicate, at least to conform to the new system.
Source
gutenberg.orgEditor's note · Context
Sumner calls for state banks to either step aside or adapt to the new currency system.
Share
More from Charles Sumner
They belong to a system so essentially irrational, that all the admitted virtues of many of its agents cannot save it from judgment.
It is a cause which, though long kept in check throughout our country, as also in Europe, now confronts the people and their rulers, demanding to be heard.
Still further: every ship-of-war that floats costs more than a well-endowed college.
The subterfuges of the politician cannot escape it.
Other voices in this conversation
