After you enacted that law-- the faith of the people of the United States that you would redeem this pledge--the value of your greenbacks advanced, not rapidly, but gradually, and in one year, to within twelve per cent. of par in gold.
He reflects on how the faith in the government's promise to redeem currency positively affected its value.
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More from John Sherman
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
Proud of Ohio, of its history and people, willing at all times to sound its praise in the sisterhood of states, yet, according to my convictions, the United States is entitled to my allegiance, and all parts of it should receive equal care…
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.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
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