I believe firmly that there can be no prosperous and permanent revival of business and industries until a policy is adopted--with legislation to carry it out--looking to a return to a specie basis.
Editor's note · Context
Grant believes that a return to a specie basis is essential for a sustainable revival of business and industry.
Share
More from Ulysses S. Grant
A revival of shipbuilding, and particularly of iron steamship building, is of vast importance to our national prosperity.
In this connection I advise such legislation as will forever preclude the enslavement of the Chinese upon our soil under the name of coolies, and also prevent American vessels from engaging in the transportation of coolies to any country…
We should look to the dangers threatening us, and remedy them so far as lies in our power.
I commend this subject to your careful consideration, believing that a favorable solution is attainable, and if reached by this Congress that the present and future generations will ever gratefully remember it as their deliverer from a…





