Political Quotes

John Sherman: “I recommended the passage of this law, as I believed that the retirement of the greenbacks pending the preparation for…”

On the record
I recommended the passage of this law, as I believed that the retirement of the greenbacks pending the preparation for resumption, by reducing the volume of the currency, really increased the difficulties of resumption.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman expresses his belief that the retirement of greenbacks complicated the process of resuming gold payments.

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