On the record
If we increased our circulation, as was then proposed, it would create an inflation that would evidently lead to the derangement of all business affairs in the country.
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gutenberg.orgJohn Sherman: “If we increased our circulation, as was then proposed, it would create an inflation that would evidently lead to the…”
Editor's note · Context
Sherman expresses concern that increasing currency circulation would disrupt business stability.
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More from John Sherman
During forty years of public life, though many able men have aspired to the office I hold, the people of Ohio, through their general assembly, have preferred me to represent them.
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
The Union already embraces discordant elements enough without adding others.
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.
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