On the record
For the same reason, if the coinage of silver was free at the ratio of sixteen of silver to one of gold, no gold would be coined, because sixteen ounces of silver are not worth one ounce of gold.
Source
gutenberg.orgEditor's note · Context
Sherman warns that free coinage of silver would discourage gold coinage.
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More from John Sherman
It is impossible for an American to visit Paris without enjoyment and instruction.
The policy of this country ought to be to make everything national as far as possible.
God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
But some of you may say, all this is very well, but what will you do to save the Union?
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