John Sherman: “This could be accomplished by reducing the amount of these notes…”

On the record

This could be accomplished by reducing the amount of these notes outstanding, and, thus, by their scarcity, add to their value.

Said by

Ohio

Source

Sherman outlines a strategy for increasing the value of U.S. notes through scarcity.

More from John Sherman

The life of a civilian is in what he says or writes, that of a soldier in what he does.

Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.

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.

Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.

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John Sherman: “This could be accomplished by reducing the amount of these notes outstanding, and, thus, by their scarcity, add to their…”