On the record
The provision for coin payments was made in the midst of war, when the notes were depreciated and the public necessities required an assured revenue in coin to support the public credit.
Source
gutenberg.orgThe provision for coin payments was made in the midst of war, when the notes were depreciated and the public necessities required an assured revenue in coin to support the public credit.
Sherman reflects on the historical context of coin payment provisions made during wartime.
Share
More from John Sherman
Confiscation is not only justified by the laws of war, by the practice of many nations, but it is practiced by our enemies in the most obnoxious way.
You can arrest this movement, and you alone can do it.
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.
Morrill's bill is a great improvement on the tariff of 1857.