The issue of gold certificates, however convenient to the public, had long ceased to be of any advantage to the government, and in view of resumption it had become a positive injury, by enabling speculators to carry on their operations without the risk and expense of handling the actual coin.
Sherman critiques the issuance of gold certificates as detrimental to government interests during a monetary resumption.
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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.
This power in the hands of a few is at this moment the disturbing element in many of our great industries.
We have done no wrong; we have no apologies to make, and no concessions to offer.
That is all we ask, and what we demand at all hazards.
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