The immediate effect of resumption of specie payments was to advance the public credit, which made it possible to rapidly fund all the bonds of the United States then redeemable into bonds bearing four per cent. interest.
Sherman explains how resumption of specie payments improved public credit and facilitated bond funding.
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The Union already embraces discordant elements enough without adding others.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
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.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
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