And when the process of repudiation goes so far that your notes will not buy bread, why then declare against all interest, and then, after passing through the valley of humiliation, return again to barter, and honor, and gold again.
John Sherman: “And when the process of repudiation goes so far that your notes will not buy bread, why then declare against all…”
Editor's note · Context
Sherman describes the dire consequences of financial repudiation, suggesting it could lead society back to barter and a loss of honor.
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The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
The Union already embraces discordant elements enough without adding others.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.





