On the record
All commercial paper--checks, drafts, orders, bills of exchange, protests, bonds --every instrument that was used in the ordinary process of banking --was heavily taxed, while bank bills were not taxed at all.
Source
gutenberg.orgJohn Sherman: “All commercial paper--checks, drafts, orders, bills of exchange, protests, bonds --every instrument that was used in the…”
Editor's note · Context
Sherman highlights the disparity in taxation between commercial paper and bank bills.
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Proud of Ohio, of its history and people, willing at all times to sound its praise in the sisterhood of states, yet, according to my convictions, the United States is entitled to my allegiance, and all parts of it should receive equal care…
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