The division and distribution of bank capital under the National system do not merely carry its advantages to every community, but they afford the most complete guaranty against every abuse which may spring from a large aggregation of capital.
James Blaine: “The division and distribution of bank capital under the National system do not merely carry its advantages to every…”
Editor's note · Context
Blaine emphasizes the benefits of distributing bank capital to prevent abuses of power.
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Under such circumstances, to send a military force into any State, with orders to act against the people, would be simply making war upon them.
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.
If this view of the subject be correct, as I think it is, then the Union must utterly perish at the moment when Congress shall arm one part of the people against another for any purpose beyond that of merely protecting the General…
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…





