On the record
Banks conducted fairly are drained of their deposits and are compelled not only to refuse all loans, but to collect their bills receivable.
Source
gutenberg.orgEditor's note · Context
Sherman discusses the challenges faced by banks in maintaining liquidity and lending.
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Confiscation is not only justified by the laws of war, by the practice of many nations, but it is practiced by our enemies in the most obnoxious way.
Is it not, therefore, possible to frame a bill which will punish the prominent actors in the rebellion, proclaim amnesty to the great mass of citizens in the seceding states, and separate them from their leader?
Our gold dollar is certainly as good a unit of value as the franc; and so the English think of their pound sterling.
But some of you may say, all this is very well, but what will you do to save the Union?
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