On the record
An excessive issue of paper money by the government would produce bankruptcy and repudiation, not only of the notes abroad, but of bonds also.
Source
gutenberg.orgJohn Sherman: “An excessive issue of paper money by the government would produce bankruptcy and repudiation, not only of the notes…”
Editor's note · Context
Sherman warns that excessive government issuance of paper money could lead to financial disaster.
Share
More from John Sherman
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.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
During forty years of public life, though many able men have aspired to the office I hold, the people of Ohio, through their general assembly, have preferred me to represent them.
Proud of Ohio, of its history and people, willing at all times to sound its praise in the sisterhood of states, yet, according to my convictions, the United States is entitled to my allegiance, and all parts of it should receive equal care…
Other voices in this conversation
