On the record
Yet, in spite of this, Congress has repeatedly refused to allow notes to be issued by national banks, to the par value of bonds deposited on security, thus limiting the amount of bank notes unreasonably.
Source
gutenberg.orgEditor's note · Context
Sherman criticizes Congress for limiting the issuance of bank notes despite high bond values.
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More from John Sherman
It was the same old story of injustice and wrong, of might against right.
God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
I have participated in framing many tariff bills, but have never succeeded in securing one that I entirely approved.
But, sir, I have no hope, while this House is constituted as it is now, of instituting any radical reform.
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