To prevent the further organization of banks is to put in jeopardy the whole system, by taking from it that feature which makes it, as it now is, a banking system free upon the same terms to all who wish to engage in it.
John Sherman: “To prevent the further organization of banks is to put in jeopardy the whole system, by taking from it that feature…”
On the record
Source
gutenberg.orgEditor's note · Context
Sherman argues that restricting the organization of new banks jeopardizes the fairness of the banking system.
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If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.





