On the record
It means a reduction in the wages of labor; not in the number of dollars, but in the quantity of bread, meat, clothes, comforts he can purchase with his daily wage.
Source
gutenberg.orgJohn Sherman: “It means a reduction in the wages of labor; not in the number of dollars, but in the quantity of bread, meat, clothes…”
Editor's note · Context
Sherman explains the impact of a cheaper dollar on labor wages and purchasing power.
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The Union already embraces discordant elements enough without adding others.
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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.
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