On the record
When two currencies, both legal, are authorized without limit, the cheaper alone will circulate.
Source
gutenberg.orgEditor's note · Context
Sherman explains that when two legal currencies exist, the cheaper one will dominate circulation.
Share
More from John Sherman
I wrote an adverse report, but it was suppressed in the committee.
It is not in my blood and these gentlemen cannot put it there.
Resolved, That the Democratic party will resist all attempts at renewing in Congress, or out of it, the agitation of the slavery question, under whatever shape or color the attempt may be made.
He theorizes about coercing a state when he should be enforcing the laws against rebellious citizens.
Other voices in this conversation
