While our paper money was depreciated the gold and silver bullion from our mines went abroad and was converted into foreign coin, while a large portion and perhaps a majority of our people demanded more paper money, which declined in value in exact proportion to its increase.
Sherman discusses the economic challenges of his time, particularly the issues surrounding paper money and its depreciation.
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They want disunion, and not compromise or conciliation.
Resolved, That the people who constitute the supreme power in the United States, should guard with jealous care the rights of the several states, as independent governments.
I believe that it will give a reasonable fair protection for the great industries of agriculture, manufacture, and commerce, which lie at the basis of the prosperity of this country.
Some of you broke down the only political organization that could compete with us, and thus gave us an easy victory.
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