On the record
The only answer was to substitute for the time the notes of the United States, with all the sanction and credit which the republic could confer, in the place of coin.
Source
gutenberg.orgEditor's note · Context
Sherman advocates for the use of U.S. notes as a temporary currency solution, emphasizing the government's role in stabilizing the economy.
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More from John Sherman
It was the same old story of injustice and wrong, of might against right.
I believe that it will give a reasonable fair protection for the great industries of agriculture, manufacture, and commerce, which lie at the basis of the prosperity of this country.
I would regard it as a public calamity to have the power of this House placed, directly or indirectly, under the control of this administration.
Resolved, That the people who constitute the supreme power in the United States, should guard with jealous care the rights of the several states, as independent governments.
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