Condemning the worthless system of paper money imposed upon the people by irresponsible State banks, he stood firmly for a national currency, and he foreshadowed if he did not reach the paper money which is based to-day on the credit and the strength of the government.
Blaine advocates for a national currency to replace the unreliable paper money from state banks.
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More from James Blaine
Is any portion of the people bound to contribute their money or their blood to carry on a contest like that?
If it be true that war cannot be declared, nor a system of general hostilities carried on by the Central Government against a State, then it seems to follow that an attempt to do so would be ipso facto an expulsion of such State from the…
You can use force only to repel an assault on the public property and aid the Courts in the performance of their duty.
All these provisions are made to protect the States, not to authorize an attack by one part of the country upon another; to preserve the peace, and not to plunge them into civil war.
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