On the record
It is easy now to perceive that a conservative use of United States notes, convertible into four per cent. bonds, would have steadily advanced both notes and bonds to par in coin.
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gutenberg.orgJohn Sherman: “It is easy now to perceive that a conservative use of United States notes, convertible into four per cent. bonds, would…”
Editor's note · Context
Sherman argues that a conservative approach to using United States notes could have stabilized their value alongside bonds.
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More from John Sherman
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.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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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