On the record
With this multiplicity of banks, depending upon different organizations, it was impossible to have a uniform national currency, for its value was constantly affected by their issues.
Source
gutenberg.orgJohn Sherman: “With this multiplicity of banks, depending upon different organizations, it was impossible to have a uniform national…”
Editor's note · Context
Sherman points out that the diversity of banks made it impossible to maintain a uniform national currency.
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More from John Sherman
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
Proud of Ohio, of its history and people, willing at all times to sound its praise in the sisterhood of states, yet, according to my convictions, the United States is entitled to my allegiance, and all parts of it should receive equal care…
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.
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