On the record
That which had been bought for a dollar worth sixty cents, must be paid for with a dollar worth eighty, ninety, or a hundred cents, according to the date on which the contract matured.
Source
gutenberg.orgJohn Sherman: “That which had been bought for a dollar worth sixty cents, must be paid for with a dollar worth eighty, ninety, or a…”
Editor's note · Context
Sherman illustrates the challenges of fulfilling contracts when currency values fluctuate.
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More from John Sherman
During forty years of public life, though many able men have aspired to the office I hold, the people of Ohio, through their general assembly, have preferred me to represent them.
Proud of Ohio, of its history and people, willing at all times to sound its praise in the sisterhood of states, yet, according to my convictions, the United States is entitled to my allegiance, and all parts of it should receive equal care…
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
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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