On the record
It was the power to coin money, because when a bank issued its bill without the restraint of specie payments, it substantially coined money and false money.
Source
gutenberg.orgEditor's note · Context
Sherman argues that unregulated bank notes are akin to counterfeiting, underscoring the need for strict monetary control.
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More from John Sherman
Resolved, That the Democratic party will resist all attempts at renewing in Congress, or out of it, the agitation of the slavery question, under whatever shape or color the attempt may be made.
Let us, my friends, unite in electing him President of the United States.
Morrill's bill is a great improvement on the tariff of 1857.
That is all we ask, and what we demand at all hazards.
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