If coinage of all these metals was free, and any holder of copper, nickel, silver or gold could carry it to the mint to be coined, we would have no money but copper and nickel, because they are the cheaper metals, worth less than one-fourth of what, as coin, they purport to be.
He argues that unrestricted coinage would lead to a devaluation of currency.
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More from John Sherman
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.
God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
This power in the hands of a few is at this moment the disturbing element in many of our great industries.
I believe that it will give a reasonable fair protection for the great industries of agriculture, manufacture, and commerce, which lie at the basis of the prosperity of this country.
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