It is impossible to prevent the depreciation of the currency unless Congress will assume its constitutional function and control it; and it is idle to try to make loans unless Congress will give the necessary support to the public credit.
Sherman argues for Congressional control over currency to prevent depreciation.
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The tax on spirits, tobacco and beer ought to be retained as the best objects of taxation either of domestic or imported goods.
But some of you may say, all this is very well, but what will you do to save the Union?
This power in the hands of a few is at this moment the disturbing element in many of our great industries.
Because it is framed upon the idea that it is the duty of the government, in imposing taxes, to do as little injury to the industry of the country as possible; that they are to be levied so as to extend a reasonable protection to all…
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