On the record
If they were not at par with coin it was the fault of the government and not of the debtor, or, rather, it was the result of unforseen stringency not contemplated by the contracting parties.
Source
gutenberg.orgJohn Sherman: “If they were not at par with coin it was the fault of the government and not of the debtor, or, rather, it was the…”
Editor's note · Context
Sherman asserts that if U.S. notes are not valued equally with coin, it reflects government failure rather than debtor fault.
Share
More from John Sherman
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.
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
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.
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.
Other voices in this conversation
