On the record
Most of the state banks shortly afterward exploded, and almost their entire issue outstanding at the time fell as a loss to the people of the United States.
Source
gutenberg.orgMost of the state banks shortly afterward exploded, and almost their entire issue outstanding at the time fell as a loss to the people of the United States.
Sherman reflects on the consequences of state banks failing, highlighting the financial losses incurred by the public.
Share
More from John Sherman
The tax on spirits, tobacco and beer ought to be retained as the best objects of taxation either of domestic or imported goods.
I have participated in framing many tariff bills, but have never succeeded in securing one that I entirely approved.
You have all contributed, more or less, in perverting the public mind as to our principles and purposes.
Thus the Kansas question became a political question in the Supreme Court.