Political Quotes

John Sherman: “Their possible use as currency is certainly no objection to them; for, though I adhere as strictly as anyone to a specie…”

On the record
Their possible use as currency is certainly no objection to them; for, though I adhere as strictly as anyone to a specie standard of value, I think that, it being constantly maintained by ample reserves and prompt redemption, current money in different forms should be provided for daily use.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman argues for the acceptance of diverse forms of currency as long as they are backed by reserves and can be redeemed.

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