On the record
There are times when such money is unavoidable, as during war or great public calamity, but it has always been the anxious care of statesmen to return again to the solid standard of coin.
Source
gutenberg.orgEditor's note · Context
Sherman acknowledges that while depreciated money may be necessary in crises, returning to a solid standard is crucial.
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He theorizes about coercing a state when he should be enforcing the laws against rebellious citizens.
But some of you may say, all this is very well, but what will you do to save the Union?
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.
But, sir, I have no hope, while this House is constituted as it is now, of instituting any radical reform.
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