Political Quotes

John Sherman: “The issue of gold certificates, however convenient to the public, had long ceased to be of any advantage to the…”

On the record
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.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman critiques the issuance of gold certificates as detrimental to government interests during a monetary resumption.

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