Political Quotes

John Sherman: “If contraction ought to be established as a policy it should be by Congress, not by the Secretary of the Treasury, and…”

On the record
If contraction ought to be established as a policy it should be by Congress, not by the Secretary of the Treasury, and it is not wise to confer upon any officer of the government a power of this kind, which can be and may be properly controlled and limited by Congress.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman insists that any policy regarding monetary contraction should be decided by Congress, not the Secretary of the Treasury.

Share

More from John Sherman

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.

gutenberg.org

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…

gutenberg.org

Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.

gutenberg.org

Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.

gutenberg.org

Other voices in this conversation