If a similar institution were established to-day, bearing a like proportion to the wealth of the country, it would require a capital of at least six hundred millions of dollars--many fold larger than the combined wealth of the Bank of England and the Bank of France.
Blaine discusses the potential capital requirement for a modern equivalent of the Bank of the United States.
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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.
The States are colleagues of one another, and if some of them shall conquer the rest, and hold them as subjugated provinces, it would totally destroy the whole theory upon which they are now connected.
But this is a totally different thing from an offensive war to punish the people for the political misdeeds of their State Government, or to enforce an acknowledgment that the Government of the United States is supreme.
But what if the feeling in any State against the United States should become so universal that the Federal officers themselves (including judges, district attorneys, and marshals) would be reached by the same influences, and resign their…
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