Banks conducted fairly are drained of their deposits and are compelled not only to refuse all loans, but to collect their bills receivable.
John Sherman: “Banks conducted fairly are drained of their deposits and are compelled not only to refuse all loans, but to collect…”
Editor's note · Context
Sherman discusses the challenges faced by banks in maintaining liquidity and lending.
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The Union already embraces discordant elements enough without adding others.
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.
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.
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…





