On the record
I stated distinctly that the purpose of the bill was not merely to levy a reasonable tax on the banks, but also to induce them to withdraw their paper, in order to substitute for it a national currency.
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gutenberg.orgJohn Sherman: “I stated distinctly that the purpose of the bill was not merely to levy a reasonable tax on the banks, but also to…”
Editor's note · Context
Sherman clarifies that the bill's purpose was to tax banks and encourage them to withdraw paper currency for a national currency.
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