Political Quotes

John Sherman: “The rising credit and financial strength of the United States would, it was believed, bring them to par without…”

On the record
The rising credit and financial strength of the United States would, it was believed, bring them to par without injustice to the debtor, but the rapid withdrawal of the notes would add to the burden of debts and cripple all forms of industry.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman warns that withdrawing currency notes too quickly would harm debtors and industries.

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