If a man lends his money he wants it back again with its increase; but if the money, when it is to be paid back, is like to be worth less than when he thinks of loaning it, he will not loan it except at such rates as will cover the risk of depreciation.
Sherman explains that lenders seek to protect themselves from depreciation by demanding higher interest rates.
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God forbid that the despots of the Old World should ever adorn their infernal logic by pointing to a disrupted Union here!
It seems to me that in the present condition of our finances there is no necessity for conferring these large powers on the Secretary of the Treasury.
You can arrest this movement, and you alone can do it.
We have done no wrong; we have no apologies to make, and no concessions to offer.
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