On the record
Whenever specie payment was suspended, the power to issue a bank note was the same as the power to coin money.
Source
gutenberg.orgJohn Sherman: “Whenever specie payment was suspended, the power to issue a bank note was the same as the power to coin money.”
Editor's note · Context
Sherman equates the power to issue bank notes with the power to coin money, stressing the importance of regulation in currency issuance.
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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.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
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.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
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