These two measures, the absorption of the state banks, and the establishment of the system of national banks, taken in connection with the legal tender act, were the most important financial measures of the war, and, tested by time, have fully realized the anticipations and confident assurance of their authors.
Sherman identifies two key financial measures from the war that have proven successful over time.
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It seems to me that in the present condition of our finances there is no necessity for conferring these large powers on the Secretary of the Treasury.
God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
Morrill's bill is a great improvement on the tariff of 1857.
The legality of this legislature was denied by the great majority of the people who never acquiesced in or obeyed its enactments, thus taking the only course open to them to secure a lawful government.
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