The serious effect of such a radical change in our standards of value cannot be exaggerated; and its possibility will greatly disturb confidence in resumption, and may make necessary large reserves and further sales of bonds.
Sherman emphasizes the serious implications of changing standards of value on public confidence.
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More from John Sherman
God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
I have participated in framing many tariff bills, but have never succeeded in securing one that I entirely approved.
We have done no wrong; we have no apologies to make, and no concessions to offer.
It was the same old story of injustice and wrong, of might against right.
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