On the record
That act was generally regarded as the settlement of a financial policy by which at least the party in power is bound, and upon the faith of which business men have conducted their affairs and made their contracts.
Source
gutenberg.orgEditor's note · Context
He explains that the 1875 act was seen as a commitment to a financial policy that businesses relied upon for their contracts.
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More from John Sherman
I have participated in framing many tariff bills, but have never succeeded in securing one that I entirely approved.
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.
That is all we ask, and what we demand at all hazards.
God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
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