On the record
The currency would rest upon the presumption that all paper money rests upon, that its use and convenience and convertibility will always keep it at par with coin.
Source
gutenberg.orgJohn Sherman: “The currency would rest upon the presumption that all paper money rests upon, that its use and convenience and…”
Editor's note · Context
Sherman discusses the foundational belief that paper money's value relies on its convenience and convertibility to coin.
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More from John Sherman
Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
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.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
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