With a narrow view of the powers of the national government, Congress had repeatedly refused to authorize a national bank, a policy I heartily approve, not from a doubt of the power of Congress to grant such a charter, but from the danger of intrusting so vast a power in a single corporation, with or without security.
John Sherman: “With a narrow view of the powers of the national government, Congress had repeatedly refused to authorize a national…”
Editor's note · Context
Sherman expresses his approval of Congress's refusal to authorize a national bank due to potential risks.
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