But, sir, at this critical moment, the Secretary of the Treasury, acting, no doubt, in good faith, but I think without authority of law, issued twenty-six millions more United States notes--part of the notes retired and canceled under previous acts.
John Sherman: “But, sir, at this critical moment, the Secretary of the Treasury, acting, no doubt, in good faith, but I think without…”
Editor's note · Context
Sherman criticizes the Secretary of the Treasury for issuing more notes without legal authority during a financial crisis.
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Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
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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.
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.





