On the record
A nation would not, except in dire necessity, issue its promises to pay money when it is unable to redeem those promises.
Source
gutenberg.orgEditor's note · Context
Sherman argues against issuing unredeemable currency except in extreme situations, emphasizing fiscal responsibility.
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We have done no wrong; we have no apologies to make, and no concessions to offer.
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.
I believe that it will give a reasonable fair protection for the great industries of agriculture, manufacture, and commerce, which lie at the basis of the prosperity of this country.
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