On the record
It enabled the Secretary of the Treasury to retire at a rapid rate United States notes and to largely increase the bonded indebtedness of the United States.
Source
gutenberg.orgEditor's note · Context
Sherman criticizes the law for enabling rapid retirement of currency and increasing national debt.
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What boy did not feel the gushings of patriotic emotion when one of these old veterans appeared upon the stage.
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.
It was the same old story of injustice and wrong, of might against right.
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.
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