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.
Sherman expresses his belief that the retirement of greenbacks complicated the process of resuming gold payments.
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The legality of this legislature was denied by the great majority of the people who never acquiesced in or obeyed its enactments, thus taking the only course open to them to secure a lawful government.
You have all contributed, more or less, in perverting the public mind as to our principles and purposes.
I have given my views, speaking for no other man, frankly and fearlessly, and I will stand by them now and in the future.
This power in the hands of a few is at this moment the disturbing element in many of our great industries.
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