On the record
Free banking open to all, with prompt and easy redemption, supplies a currency to meet the varying wants of different periods and seasons.
Source
gutenberg.orgJohn Sherman: “Free banking open to all, with prompt and easy redemption, supplies a currency to meet the varying wants of different…”
Editor's note · Context
Sherman supports the idea of free banking as a flexible solution for currency needs.
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More from John Sherman
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.
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.
Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.
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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