On the record
When we cannot pay the coin, we are honorably and sacredly bound to pay in a bond of the United States, which in ordinary times would approximate to par in gold.
Source
gutenberg.orgEditor's note · Context
Sherman asserts the obligation to honor debts with U.S. bonds when coin is unavailable.
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He took strong ground against the repeal of the Missouri Compromise, and in 1859 was a competitor with me for the position of speaker, but withdrew in my favor after the first ballot.
Thus the Kansas question became a political question in the Supreme Court.
You have all contributed, more or less, in perverting the public mind as to our principles and purposes.
Let us, my friends, unite in electing him President of the United States.
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