On the record
The only answer to this was that history taught us that the public faith of a nation alone is not sufficient to maintain a paper currency.
Source
gutenberg.orgEditor's note · Context
Sherman emphasizes the importance of public faith in maintaining a stable paper currency.
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More from John Sherman
Nothing is wanting but cultivation to make this a most delightful country.
The policy of this country ought to be to make everything national as far as possible.
It seems to me that in the present condition of our finances there is no necessity for conferring these large powers on the Secretary of the Treasury.
But some of you may say, all this is very well, but what will you do to save the Union?
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