When, happily, our notes are equal to coin, they will be accepted as coin, both by the public creditor and by the government; but this acceptance should be left to the option of the respective parties, and the legal right on both sides to demand coin should be preserved inviolate.
Sherman asserts that once notes are equal to coin, they should be accepted as such, while preserving the right to demand coin.
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This power in the hands of a few is at this moment the disturbing element in many of our great industries.
It seems to me that in the present condition of our finances there is no necessity for conferring these large powers on the Secretary of the Treasury.
You have all contributed, more or less, in perverting the public mind as to our principles and purposes.
God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
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