On the record
We have undertaken to redeem these notes in coin, and it is at least a question of doubtful ethics whether we ought to enter into the markets of the world and buy our own notes at a discount.
Source
gutenberg.orgJohn Sherman: “We have undertaken to redeem these notes in coin, and it is at least a question of doubtful ethics whether we ought to…”
Editor's note · Context
Sherman raises ethical concerns about the U.S. government's approach to redeeming its notes in the global market.
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The Union already embraces discordant elements enough without adding others.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
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