On the record
Can 'resumption' be maintained after the law has placed a premium on coin, and virtually demonetized the paper, by rendering its convertibility compulsory?
Source
gutenberg.orgEditor's note · Context
Sherman questions the feasibility of maintaining 'resumption' under the current monetary policy, reflecting his economic concerns.
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We have done no wrong; we have no apologies to make, and no concessions to offer.
The legality of this legislature was denied by the great majority of the people who never acquiesced in or obeyed its enactments, thus taking the only course open to them to secure a lawful government.
You have all contributed, more or less, in perverting the public mind as to our principles and purposes.
This power in the hands of a few is at this moment the disturbing element in many of our great industries.
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