Its form of government was, in the days of the Doges, a republic governed by an aristocracy, and its wealth was the product of commerce conducted by great merchants whose enterprise extended to every part of the known habitable globe.
Sherman discusses the historical governance of a city, highlighting its aristocratic republic and commercial wealth.
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But some of you may say, all this is very well, but what will you do to save the Union?
God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
This power in the hands of a few is at this moment the disturbing element in many of our great industries.
Confiscation is not only justified by the laws of war, by the practice of many nations, but it is practiced by our enemies in the most obnoxious way.
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