Political Quotes

John Sherman: “If the market value of the silver in it was less than that of gold coin of the same denomination, and it was issued in…”

On the record
If the market value of the silver in it was less than that of gold coin of the same denomination, and it was issued in unlimited qualities, and made a legal tender for all debts, it would demonetize gold and depreciate our paper money.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman warns that unlimited issuance of silver coins could undermine the value of gold and paper money.

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