I answered that the notes should be received everywhere at par with coin, but I doubted the propriety of paying coin for United States notes except at one place and that in New York, the natural center for financial operations, where most of the customs dues were paid and where coin could be most safely hoarded.
Sherman expresses his belief that notes should be accepted everywhere but suggests limitations on coin payments.
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More from John Sherman
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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.
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.
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