I did not believe this but hoped that it would not decline in value, and, in any event, it was better to stop the compulsory coinage of the bullion into dollars, as to force them into circulation would reduce the purchasing power of the dollar and bring the United States to the single standard of silver.
John Sherman: “I did not believe this but hoped that it would not decline in value, and, in any event, it was better to stop the…”
On the record
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gutenberg.orgEditor's note · Context
Sherman expresses his skepticism about the free coinage of silver and its potential effects on the dollar's purchasing power.
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