I confess, Mr. president, that the more I reflect on this subject, the more clearly does my mind approach the conclusion that the creation of state banks, for the purpose and with the power of circulating paper, is not consistent with the grants and prohibitions of the constitution.
Sherman concludes that state banks circulating paper currency contradict constitutional provisions.
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It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
During forty years of public life, though many able men have aspired to the office I hold, the people of Ohio, through their general assembly, have preferred me to represent them.
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.
The Union already embraces discordant elements enough without adding others.
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