Centre Democrat. [volume] (Bellefonte, Pa.) 1848-1989, 1879-08-14
After Sherman.

a Portland paper having vauntingly
declared that "Mr. Sherman will pitch
the key of the campaign" the Portland
drgvs picks up that ambitious poIiti.
clans record on this financial question
which he harps upon. IL is "A curious
list OF quotations, and we commend
them TO the attention Of the public:
If had my way ! would grant the
power to issue circulating notes TO no
state corporation and TO TO individual,
but coniine it solely 10 the United
States. Speech Of Joh" Sherman, Nay l3,
1874.
would not care If there were only
one kind of circulation in this country.
and that United States note convert
ble at the pleasure of the holder into a
proper bond, or into coin.-.SDeoch Of
JohH .ShrraaA "a ne Se,atc IN 1874.
For one ! am free 10 say that while
our public debt exists am Tor main.
tanning in circulation the United States
notes 10 the full amount at which they
can be maintained at par in gold
Seccch of JOHN Sherman al ndr,on IN 1875.
Your idea that we propose TO Tepudi.
ate or violate "A promise when we offer
to redeem the principal in legal tenders
is erroneous. | think the bondhoIder
violates his promise when he refuses 10
take the came kind Of money he paid
for the bonds. Letter froM John Sherman,
.hTch 20, lsGS.
The bondholder can demand only
the kind of money lac paid, and he il
repudiatoT and c1toTtIoncr TO demand
money more valuable than he gave
LITTER from JghH Sherman, March 20, 1868.
We must place all the obligations OF
the people of the United States upon
the solid basis OF gold aud silver COIN
.SDoech on NE Strengthening Ad, 1869, ty
JohE .Shermah.
Wha, Is the first section Of this bill?
II is simply n solemn pledge OF the
United States that all the obligations
Of the United States, notes and bonds,
shall be paid in gold and silver coin
Speech on The Act 10 .Srcngfhea The Paji,e
Grodit 1863, by John .Sierman.
say that equality ami Justice are am-
ply satisfied il we redeem these bonds
al the end OF five years in the same
kind Of money, Of the same intrinsic
value it had at the time they were issu.
ed.-.SrcSch Ia he Scidtc, 1869, " JohE
.Shrrm1u.
How sball we approach resumption.
Not by any further contraction OF the
currency. Our contraction now j. un
e1ampled in the history Of any nation.
---.Spccch Of John Sherman, 1869.
One hundred and forty millions has
been Withdrawn in two year.. ! think
the people have a right to be relieved
from further contrAction.-.Spooch Of
John Sherman, 1869.
Further contraction will destroy all
the business Of the country, and tho
people will not submit 70 il. Speech Of
John .SAcTT,ah. 1869.
II the choice must be made between
greenbacks and bank notes, | am IN iav.
or of grecnhaeks; but think that both
ought 10 bc maintained in circulation
At par with each other and with COIN
John IlcrHlaH, lS1S.
IL would seem not only legal, but
right, IN the broadest sense OF the word.
that we should avail ourselves of the
rapid and remarkable fall Of silver bul.
lion 10 recoin the old silver coins, in.
cluding the old silver dollar, the oldest
Of our coins, and with them pay our
deprecated notes, and thus restore the
old coin standsrd.-.Speeeh Of John Hor.
man, 1876.