On the record
They have depreciated almost from the date of their issue, at one time being worth only forty cents in gold, and to-day only worth ninety cents.
Source
gutenberg.orgJohn Sherman: “They have depreciated almost from the date of their issue, at one time being worth only forty cents in gold, and to-day…”
Editor's note · Context
Sherman illustrates the depreciation of U.S. notes since their issuance, providing a stark comparison to their value in gold.
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More from John Sherman
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
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.
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.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
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