By limiting tokens, silver, and paper money, to the amount needed for business, and promptly receiving or redeeming all that might at any time be in excess, all these forms of money could be kept in circulation, in large amounts, at par with gold.
Sherman proposed a system to manage different forms of money to maintain their value against gold.
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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.
Our gold dollar is certainly as good a unit of value as the franc; and so the English think of their pound sterling.
God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
Nothing is wanting but cultivation to make this a most delightful country.
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