But the fifty-fifth section of that bill provides that all the banks organized under it are to become 'depositaries of the public moneys,' excepting those in 'the city of Washington.' Why this discrimination? If there be any place where banks, organized under a national charter, issuing a national currency, and receiving national deposits, should be encouraged, it is here. With no discrimination against them, such banks would be established here with considerable capital. And why not? It cannot be intended to discourage the establishment of such banks here, and thus defeat, to that extent, the success of the system. It is here, if anywhere, that such banks should receive the public deposits, where they could be constantly secured from day to day under the immediate supervision of the Government. Besides, the only effect of such a discrimination would be to drive such banks to Georgetown, Alexandria, or some other speculative site outside the city or District. This city has just been consecrated to freedom by Congress, and it is hoped that, in commencing its new career, no discrimination will be made against it. Indeed, I think it would be wise, in order to insure the success here of the new system, to allow the district banks organized under this law to receive the same rate of interest as is permitted in New York. I have contended, during the last fourth of a century, that all State bank currency is unconstitutional. This rebellion will demonstrate the truth of that proposition, and the question ultimately be so decided by the Supreme Court of the United States. This, it is true, might require some of those Judges, if then living, to change their opinion on some points; but this has been done before, and even on constitutional questions; and State banks will fall before judicial action, as well as nullification, State allegiance, secession, and the whole brood of kindred heresies. A republic which cannot regulate its currency, or which leaves that power with thirty-four separate States, each legislating at its pleasure and without uniformity, abandons an essential national authority, and this abdication has furnished one of the main supports of the rebellion. With nothing but a national currency, the revolted States never could have successfully inaugurated this war, and we must deprive them in all time to come of this terrible ally of treason. To permit the States to provide the circulating medium, the money of the country, is to enable them to furnish the sinews of war, and clothe them with a power to overthrow the Government.