I said that the business of banking proper consisted in loaning money, discounting bills, facilitating exchanges of productions by the agency of commercial paper, and in receiving and disbursing the deposits of individuals.
John Sherman: “I said that the business of banking proper consisted in loaning money, discounting bills, facilitating exchanges of…”
On the record
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gutenberg.orgEditor's note · Context
Sherman defines the core functions of banking, emphasizing loaning and facilitating exchanges.
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Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
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.





