Political Quotes

John Sherman: “The clause in the bill, as it came from the House, imposing a tax of ten per cent. on all notes not authorized by…”

On the record
The clause in the bill, as it came from the House, imposing a tax of ten per cent. on all notes not authorized by Congress which may be paid out after this year by any bank, whether state or national, will do much towards making our currency sound.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman discusses a proposed tax on unauthorized bank notes as a measure to improve currency stability.

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