Political Quotes

John Sherman: “Early in the first session of this Congress, the opposition of the people to the policy of contraction, constantly…”

On the record
Early in the first session of this Congress, the opposition of the people to the policy of contraction, constantly pressed by Secretary McCulloch, became so imperative that both Houses determined to take from him all power to diminish the volume of currency then in circulation.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman discusses the strong opposition to currency contraction during his time in Congress.

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