The general monetizing of silver now, when it is unnaturally depreciated, would be to invite to our country, in exchange for gold or bonds, all the silver of Europe, and at last it would leave us with a depreciated currency.
Sherman warns against the monetization of silver when it is undervalued, fearing a negative impact on the U.S. economy.
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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.
We have done no wrong; we have no apologies to make, and no concessions to offer.
I believe that it will give a reasonable fair protection for the great industries of agriculture, manufacture, and commerce, which lie at the basis of the prosperity of this country.
The tax on spirits, tobacco and beer ought to be retained as the best objects of taxation either of domestic or imported goods.
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