Political Quotes

John Sherman: “I said that the business of banking proper consisted in loaning money, discounting bills, facilitating exchanges of…”

On the record
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.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman defines the core functions of banking, emphasizing loaning and facilitating exchanges.

Share

More from John Sherman

Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.

gutenberg.org

Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.

gutenberg.org

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.

gutenberg.org

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.

gutenberg.org

Other voices in this conversation