John Sherman What He Has Said And Done Being a History of the Life And Public

Cover John Sherman What He Has Said And Done Being a History of the Life And Public
John Sherman What He Has Said And Done Being a History of the Life And Public
Sherlock a Bronson
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That is the whole of this bill.
"Not only are all these plans of gradual redemption omitted from the bill, but there are also many troublesome questions omitted from the bill. If we undertake to de- fine precisely what shall be done four years hence on the resumption of specie payments, to say wdiether the legal- tender act shall then be repealed, or whether it sliall be re- pealed before or not, we enter upon a difficult field, and will undoubtedlv divide the Senate and divide the coun- try. I
...s it not better to postpone, until the time comes to meet them, these questions which must then arise, rather than engage in an attempt to settle them now, four years in advance ?
" We declare the time when sj^ecie payments shall be resumed, in order to give fair notice, so that market values for the future may be adjusted, and so that people will prepare themselves for resumption. Our people may then xiii. ] THE RESUMPTION ACT. 195 base their transactions upon that solemn declaration made by Congress.


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