On the record
The loss of interest in maintaining the resumption fund, and the cost of printing and engraving the present amount of United States notes, is less than one-half the interest on an equal sum of four per cent. bonds.
Source
gutenberg.orgJohn Sherman: “The loss of interest in maintaining the resumption fund, and the cost of printing and engraving the present amount of…”
Editor's note · Context
Sherman highlights the cost-effectiveness of maintaining United States notes compared to bonds.
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More from John Sherman
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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.
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.
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.
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