The majority of the committee, I among them, believed that the United States should not take advantage of its own wrong, in not redeeming its notes in coin, but should either advance these notes to par in coin, or pay its bonds in coin.
Sherman argues against the United States profiting from its failure to redeem notes in coin, advocating for fairness in financial obligations.
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God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
It seems to me that in the present condition of our finances there is no necessity for conferring these large powers on the Secretary of the Treasury.
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…
I wrote an adverse report, but it was suppressed in the committee.
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