On the record
I said that during war local banks were the natural enemies of a national currency.
Source
gutenberg.orgEditor's note · Context
Sherman asserts that local banks were detrimental to a national currency during wartime, highlighting a conflict in financial interests.
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The tax on spirits, tobacco and beer ought to be retained as the best objects of taxation either of domestic or imported goods.
Resolved, That the people who constitute the supreme power in the United States, should guard with jealous care the rights of the several states, as independent governments.
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.
I believe that it will give a reasonable fair protection for the great industries of agriculture, manufacture, and commerce, which lie at the basis of the prosperity of this country.
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