On the record
When the old silver dollars are issued at par with the United States notes, a large amount of them will be taken as a reserve by the people to meet future needs, with or without a legal tender quality.
Source
gutenberg.orgJohn Sherman: “When the old silver dollars are issued at par with the United States notes, a large amount of them will be taken as a…”
Editor's note · Context
Sherman discusses the potential benefits of issuing old silver dollars as a reserve currency.
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The life of a civilian is in what he says or writes, that of a soldier in what he does.
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
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.
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.
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