I believe that if the Secretary of the Treasury would do nothing in the world except simply sit in his chair, meet the accruing indebtedness, and issue his treasury warrants, this debt will take care of itself, and will fund itself at four or five per cent. before very long.
Sherman suggests that minimal intervention by the Secretary could lead to self-sustaining debt management.
Share
More from John Sherman
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.
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.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
Other voices in this conversation
