On the record
As prices are now based on United States notes at par with gold, no disturbance of values would result from the change.
Source
gutenberg.orgJohn Sherman: “As prices are now based on United States notes at par with gold, no disturbance of values would result from the change.”
Editor's note · Context
Sherman claims that changing the coinage ratio will not disrupt current market values based on U.S. notes.
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More from John Sherman
Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
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