Political Quotes

John Sherman: “I was not in favor of the contraction of the greenbacks, and the very speech that she quotes, in which I described the…”

On the record
I was not in favor of the contraction of the greenbacks, and the very speech that she quotes, in which I described the effects of contraction and the difficulty of resuming, was made against the bill providing for the reduction of the greenbacks.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman clarifies his opposition to the contraction of greenbacks, emphasizing his stance against reducing the money supply.

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