On the record
The mischief would be great indeed if all the world were to adopt but one of the precious metals as the standard of value.
Source
gutenberg.orgEditor's note · Context
Sherman warns against the dangers of adopting a single precious metal as the standard of value, emphasizing the need for diversity in currency.
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More from John Sherman
He took strong ground against the repeal of the Missouri Compromise, and in 1859 was a competitor with me for the position of speaker, but withdrew in my favor after the first ballot.
That is all we ask, and what we demand at all hazards.
The tax on spirits, tobacco and beer ought to be retained as the best objects of taxation either of domestic or imported goods.
It was the same old story of injustice and wrong, of might against right.
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