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.orgJohn Sherman: “That act was generally regarded as the settlement of a financial policy by which at least the party in power is bound…”
Editor'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
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.
The Union already embraces discordant elements enough without adding others.
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.
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
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