On the record
These decisive votes against contraction definitely settled the policy of the government to retain in circulation the then existing volume of United States notes.
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gutenberg.orgJohn Sherman: “These decisive votes against contraction definitely settled the policy of the government to retain in circulation the…”
Editor's note · Context
Sherman notes that decisive votes against monetary contraction established a government policy to maintain the current volume of U.S. notes.
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More from John Sherman
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
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.
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