Political Quotes

On the record
There are two modes of resumption; one is to diminish the amount of notes to be redeemed, which mode is commonly called a contraction of the currency; the other is to accumulate coin in the treasury, to enable the secretary to maintain the notes at par.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman outlines two methods for monetary resumption, emphasizing the importance of currency management.

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