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.orgEditor'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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The policy of this country ought to be to make everything national as far as possible.
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I have given my views, speaking for no other man, frankly and fearlessly, and I will stand by them now and in the future.
Resolved, That the people who constitute the supreme power in the United States, should guard with jealous care the rights of the several states, as independent governments.
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