On the record
This tax on state bank circulation was a practical prohibition of all state bank paper, and before the time fixed for the commencement of the tax, this circulation entirely disappeared.
Source
gutenberg.orgEditor's note · Context
Sherman highlights the impact of a tax on state bank circulation, which effectively eliminated state bank paper.
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They want disunion, and not compromise or conciliation.
I would regard it as a public calamity to have the power of this House placed, directly or indirectly, under the control of this administration.
It is not in my blood and these gentlemen cannot put it there.
I have participated in framing many tariff bills, but have never succeeded in securing one that I entirely approved.
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