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.
John Sherman: “The issue of gold certificates, however convenient to the public, had long ceased to be of any advantage to the…”
Editor's note · Context
Sherman critiques the issuance of gold certificates as detrimental to government interests during a monetary resumption.
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Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
During forty years of public life, though many able men have aspired to the office I hold, the people of Ohio, through their general assembly, have preferred me to represent them.
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.
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