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.orgJohn Sherman: “There are times when such money is unavoidable, as during war or great public calamity, but it has always been the…”
Editor's note · Context
Sherman acknowledges that while depreciated money may be necessary in crises, returning to a solid standard is crucial.
Share
More from John Sherman
Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
Other voices in this conversation
