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
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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