Political Quotes

John Sherman: “The issue of United States notes by the government, and the making them a legal tender, was made the basis of an…”

On the record
The issue of United States notes by the government, and the making them a legal tender, was made the basis of an inflated bank circulation in the country, and there was no way to check this except by uniting the interest of the government, the banks, and the people, together, by one uniform common system.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman argues for a unified system to prevent inflation caused by government-issued notes, emphasizing the need for collaboration among stakeholders.

Share

More from John Sherman

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

Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.

gutenberg.org

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

gutenberg.org

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.

gutenberg.org

Other voices in this conversation