If this is done, it will be to secure a cheaper dollar of less purchasing power, with the view to enable debtors to pay debts, contracted on the basis of gold coin, with silver coins, worth, with free coinage, less than one-half of gold coins.
Sherman warns that adopting a cheaper dollar would harm debtors and alter purchasing power.
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More from John Sherman
What boy did not feel the gushings of patriotic emotion when one of these old veterans appeared upon the stage.
I wrote an adverse report, but it was suppressed in the committee.
I worked hard that winter, for hard work, I thought, was the way to fortune.
It is not in my blood and these gentlemen cannot put it there.
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