On the record
I earnestly recommend to you, then, such legislation as will insure a gradual return to specie payments and put an immediate stop to fluctuations in the value of currency.
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gutenberg.orgEditor's note · Context
Grant calls for legislation to ensure a gradual return to stable currency and prevent fluctuations.
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More from Ulysses S. Grant
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.
Debt, debt abroad, is the only element that can, with always a sound currency, enter into our affairs to cause any continued depression in the industries and prosperity of our people.
As a rule I am opposed to further donations of public lands for internal improvements owned and controlled by private corporations, but in this instance I would make an exception.
The experience and judgment of the people can best decide just how much currency is required for the transaction of the business of the country.
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