The withdrawal of the currency from circulation of the national banks, and then enforced winding up of the banks in consequence, would inevitably bring a serious embarrassment and disaster to the business of the country.
Sherman warns that withdrawing currency from national banks could lead to significant economic disruption.
Share
More from John Sherman
Some of you broke down the only political organization that could compete with us, and thus gave us an easy victory.
I have participated in framing many tariff bills, but have never succeeded in securing one that I entirely approved.
It is impossible for an American to visit Paris without enjoyment and instruction.
I have given my views, speaking for no other man, frankly and fearlessly, and I will stand by them now and in the future.
Other voices in this conversation
