On the record
Until this is removed, there will be no new enterprises involving great sums, no active industries, but money will lie idle, and watch and wait the changes that may be made before we reach the specie standard.
Source
gutenberg.orgJohn Sherman: “Until this is removed, there will be no new enterprises involving great sums, no active industries, but money will lie…”
Editor's note · Context
Sherman warns that without resolving monetary issues, economic activity will stagnate as capital remains idle.
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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.
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Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
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