On the record
Under his manipulation our paper standard of value goes up and down, and he gambles and speculates, with all the advantages in his favor.
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gutenberg.orgJohn Sherman: “Under his manipulation our paper standard of value goes up and down, and he gambles and speculates, with all the…”
Editor's note · Context
Sherman critiques the manipulation of currency values by speculators, highlighting the instability it creates.
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What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
The Union already embraces discordant elements enough without adding others.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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