He described with great force the weakness of the state banking system, and the repeated losses by the people of the United States on account of the failure of such banks.
On the record
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gutenberg.orgEditor's note · Context
Sherman critiques the state banking system and its impact on the American people.
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Is it not, therefore, possible to frame a bill which will punish the prominent actors in the rebellion, proclaim amnesty to the great mass of citizens in the seceding states, and separate them from their leader?
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.
But some of you may say, all this is very well, but what will you do to save the Union?
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.





