On the record
As it is, the government buys the silver at a certain valuation and then coins it at another valuation, to make a profit on the difference.
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gutenberg.orgEditor's note · Context
Sherman critiques the government's practice of buying and coining silver at different valuations, highlighting a flaw in the system.
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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.
But, sir, I have no hope, while this House is constituted as it is now, of instituting any radical reform.
Morrill's bill is a great improvement on the tariff of 1857.
I have participated in framing many tariff bills, but have never succeeded in securing one that I entirely approved.
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