On the record
I did not do it because of that, but I did it because gold was then only coined for the benefit of private depositors; we were not using gold except for limited purposes.
Source
gutenberg.orgJohn Sherman: “I did not do it because of that, but I did it because gold was then only coined for the benefit of private depositors…”
Editor's note · Context
Sherman explains his reasoning for opposing the bill, emphasizing the limited use of gold at the time.
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Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
During forty years of public life, though many able men have aspired to the office I hold, the people of Ohio, through their general assembly, have preferred me to represent them.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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