On the record
It was not the intention of the framers of this law to demonetize silver, because they were openly avowed bimetallists, but it limited coinage to silver bought by the government at market price.
Source
gutenberg.orgJohn Sherman: “It was not the intention of the framers of this law to demonetize silver, because they were openly avowed bimetallists…”
Editor's note · Context
Sherman clarifies that the framers of the law did not intend to demonetize silver, highlighting their bimetallist views.
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It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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.
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
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