On the record
If a further issue of United States notes were authorized, it would be at once followed by the issue of more bank paper, and then we would have the wildest speculation.
Source
gutenberg.orgJohn Sherman: “If a further issue of United States notes were authorized, it would be at once followed by the issue of more bank paper…”
Editor's note · Context
Sherman predicts that authorizing more U.S. notes would lead to rampant speculation in the economy.
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