Political Quotes

John Sherman: “When the treasury is actually unable to redeem its notes in coin, suspension comes necessarily, but resumption would…”

On the record
When the treasury is actually unable to redeem its notes in coin, suspension comes necessarily, but resumption would come again from the absolute necessity of currency for our daily wants, and Congress could provide better in view of the actual facts than anticipated facts.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman states that the need for currency will drive resumption even when the treasury cannot redeem notes in coin.

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