The other proposed a system of national banks authorized to issue notes for circulation under national direction, to be secured as to prompt convertibility into coin by the pledge of United States bonds and other needful regulations.
Sherman proposes a national banking system to ensure a stable and secure currency.
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More from John Sherman
The life of a civilian is in what he says or writes, that of a soldier in what he does.
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.
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
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