The power to fix the standard of money, to regulate the medium of exchanges, must necessarily go with, and be incident to, the power to regulate commerce, to borrow money, to coin money, to maintain armies and navies.
Sherman argues that the power to regulate money is essential for the government to function effectively.
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This power in the hands of a few is at this moment the disturbing element in many of our great industries.
I would regard it as a public calamity to have the power of this House placed, directly or indirectly, under the control of this administration.
That is all we ask, and what we demand at all hazards.
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.
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