On the record
If money is at the gold standard, or is advancing toward that standard, he will loan it readily at a moderate interest, for he knows he will receive back money of at least equal value to that he loaned.
Source
gutenberg.orgEditor's note · Context
Sherman argues that a gold standard encourages lending by ensuring the value of money remains stable.
Share
More from John Sherman
The policy of this country ought to be to make everything national as far as possible.
It was the same old story of injustice and wrong, of might against right.
What a pity, he said, it would have been if so great a country as the United States had been disrupted on account of slavery.
Confiscation is not only justified by the laws of war, by the practice of many nations, but it is practiced by our enemies in the most obnoxious way.
Other voices in this conversation
