The right conferred upon banks to issue circulation is not conferred for their profit, but for the public convenience, and all Republicans can agree that that right should never be permitted to exist except when it is for the public convenience.
Sherman emphasizes that the right for banks to issue currency should serve public convenience.
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More from John Sherman
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
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.
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.
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