Political Quotes

John Sherman: “If coinage of all these metals was free, and any holder of copper, nickel, silver or gold could carry it to the mint to…”

On the record
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.
Said by
John Sherman
Ohio

Editor's note · Context

He argues that unrestricted coinage would lead to a devaluation of currency.

Share

More from John Sherman

The Union already embraces discordant elements enough without adding others.

gutenberg.org

The life of a civilian is in what he says or writes, that of a soldier in what he does.

gutenberg.org

If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.

gutenberg.org

Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.

gutenberg.org

Other voices in this conversation