Political Quotes

John Sherman: “Debts have been contracted and paid with the expectation that at the time fixed the gold standard would measure all…”

On the record
Debts have been contracted and paid with the expectation that at the time fixed the gold standard would measure all obligations, and a repeal of the act would now reopen all the wild and dangerous speculation schemes that feed and fatter upon depreciated paper money.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman warns that repealing the act could lead to dangerous speculation and undermine the gold standard that underpins financial obligations.

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