Political Quotes

John Sherman: “The public thus saves over seven million dollars of annual interest, and secures a safe and convenient medium of…”

On the record
The public thus saves over seven million dollars of annual interest, and secures a safe and convenient medium of exchange, and has the assurance that a sufficient reserve in coin will be retained in the treasury beyond the temptation of diminution, such as always attends reserves held by banks.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman points out the financial benefits of using United States notes for the public.

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