Political Quotes

John Sherman: “The decline of silver enables us now to exchange silver coin of the old standard for fractional currency, leaving the…”

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The decline of silver enables us now to exchange silver coin of the old standard for fractional currency, leaving the exchange optional with the holder, until we have the courage, as we now have the ability, to redeem it in gold.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman explains the strategic exchange of silver coins for fractional currency to stabilize the economy.

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