On the record
The panic of 1873 put an end to all these wild, visionary schemes, and left the country prostrate and in ruin.
Source
gutenberg.orgEditor's note · Context
Sherman describes the economic fallout from the panic of 1873, marking a significant downturn.
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Confiscation is not only justified by the laws of war, by the practice of many nations, but it is practiced by our enemies in the most obnoxious way.
It is not in my blood and these gentlemen cannot put it there.
Resolved, That the people who constitute the supreme power in the United States, should guard with jealous care the rights of the several states, as independent governments.
Our gold dollar is certainly as good a unit of value as the franc; and so the English think of their pound sterling.
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