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.
Sherman discusses the strong opposition to currency contraction during his time in Congress.
Share
More from John Sherman
He theorizes about coercing a state when he should be enforcing the laws against rebellious citizens.
Some of you broke down the only political organization that could compete with us, and thus gave us an easy victory.
If that party had been content with the compromise of 1850, and had faithfully observed the pledges in its platform, there would have been no Civil War.
How can we avert a calamity at which humanity and civilization shudder?
Other voices in this conversation
