On the record
Its chief attraction is that it enables a debtor to pay his debt contracted upon the existing standard with money of less value.
Source
gutenberg.orgEditor's note · Context
Sherman points out that the main appeal of free coinage is its benefit to debtors.
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More from John Sherman
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.
The tax on spirits, tobacco and beer ought to be retained as the best objects of taxation either of domestic or imported goods.
Because it is framed upon the idea that it is the duty of the government, in imposing taxes, to do as little injury to the industry of the country as possible; that they are to be levied so as to extend a reasonable protection to all…
I have participated in framing many tariff bills, but have never succeeded in securing one that I entirely approved.
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