On the record
By this ratio gold was under-valued, as one ounce of gold was worth more in the markets of the world than fifteen ounces of silver, and gold, therefore, was exported.
Source
gutenberg.orgEditor's note · Context
Sherman explains how the established ratio undervalued gold, leading to its exportation.
Share
More from John Sherman
The legality of this legislature was denied by the great majority of the people who never acquiesced in or obeyed its enactments, thus taking the only course open to them to secure a lawful government.
I have given my views, speaking for no other man, frankly and fearlessly, and I will stand by them now and in the future.
Confiscation is not only justified by the laws of war, by the practice of many nations, but it is practiced by our enemies in the most obnoxious way.
How can we avert a calamity at which humanity and civilization shudder?
Other voices in this conversation
