On the record
During the war vast expenditures compelled us to use paper money; the return of peace and the excess of revenue over expenditures should have been promptly followed by coin payments or notes payable in coin.
Source
gutenberg.orgDuring the war vast expenditures compelled us to use paper money; the return of peace and the excess of revenue over expenditures should have been promptly followed by coin payments or notes payable in coin.
Sherman emphasizes the importance of returning to coin payments after the Civil War to stabilize the economy.
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