To adopt gold alone would diminish the specie currency more than one-half; and the reduction the other way, should silver be taken as the only standard, would be large enough to prove highly disastrous to the human race.
John Sherman: “To adopt gold alone would diminish the specie currency more than one-half; and the reduction the other way, should…”
Editor's note · Context
Sherman discusses the potential disastrous effects of adopting either gold or silver as the sole standard of currency.
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What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
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The Union already embraces discordant elements enough without adding others.





