On the record
What I mean by specie payments is simply that paper money ought to be made equal to coin, so that when you receive it, it will buy as much beef, corn or clothing as coin.
Source
gutenberg.orgJohn Sherman: “What I mean by specie payments is simply that paper money ought to be made equal to coin, so that when you receive it…”
Editor's note · Context
Sherman defines what he means by specie payments, emphasizing the equality of paper money and coin.
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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.
The Union already embraces discordant elements enough without adding others.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.
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