One plan proposed the gradual withdrawal from circulation of the notes of private corporations, and the issue in their stead of United States notes, payable in coin on demand, in amounts sufficient for the useful ends of a representative currency.
Sherman describes a plan to replace private bank notes with United States notes to enhance currency reliability.
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More from John Sherman
It was the same old story of injustice and wrong, of might against right.
The tax on spirits, tobacco and beer ought to be retained as the best objects of taxation either of domestic or imported goods.
I have given my views, speaking for no other man, frankly and fearlessly, and I will stand by them now and in the future.
I would regard it as a public calamity to have the power of this House placed, directly or indirectly, under the control of this administration.
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