Political Quotes

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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