The Henry Clay Project

At the Henry Clay Project, we seek to promote the legacy and politics of great conservative leaders like Alexander Hamilton, Henry Clay, and Abraham Lincoln.

[The Henry Clay Project @System4America]

Thread: The Fight For Honest Money: John Sherman and the Hayes administration.

[John Sherman Fan @sherman_fa26076]

If anyone has been wondering why I haven’t posted much on this account or the Henry Clay project account, it is mostly due to the fact that I have had a lot going on in my life that I have had to sort out

[John Sherman Fan @sherman_fa26076]

I have just submitted my final paper for the semester. I can finally be active on this account and the @System4America account again.

[The Henry Clay Project @System4America]

If it wasn’t clear already, the Henry Clay Project endorses Donald Trump for president. Only Trump will provide us the protectionism and realist foreign policy that our nation needs today.

[The Henry Clay Project @System4America]

Hello everyone. We would like to apologize for how long it took to get this thread out. We will try to get more threads out over the course of the semester break to make up for the time lost.

[The Henry Clay Project @System4America]

(21/21) As Hayes presidency came to an end, Sherman’s career would reach an important question. Would he be president or not?

[The Henry Clay Project @System4America]

(20/21) However, Sherman was determined to keep unity within the party, so he was not as adamant about opposing Stalwarts as Hayes.

[The Henry Clay Project @System4America]

(5/21) Eventually, the job of Sherman, that of overseeing vote counting with the Democrats ended as Hayes was awarded the election in exchange for agreeing to end the military occupation and reconstruction

[The Henry Clay Project @System4America]

(19/21) Sherman at the request of Hayes ordered John Jay (grandson of the Chief Justice) to investigate the New York customs house, filled with loyalists to stalwart Roscoe Conkling.

[The Henry Clay Project @System4America]

(18/21) Another thing that Sherman aided Hayes in was civil service reform

[The Henry Clay Project @System4America]

(17/21) However, it is to be noted the efforts that Sherman and Hayes went to stop inflationary currency.

[The Henry Clay Project @System4America]

(16/21) Sherman feared that this act would cause inflation and supported Hayes’ decision to veto the act. However congress overwrote that veto.

[The Henry Clay Project @System4America]

(15/21) As a result, congress signed the Bland-Alison act, which required the government to buy two to four million dollars worth of silver dollars.

[The Henry Clay Project @System4America]

(14/21) Following the panic of 1873, many turned against Sherman’s coinage act. With Democrats suggesting that the minting of silver be increased.

[The Henry Clay Project @System4America]

(13/21) However, the public impression of the treasury began to improve as parity was achieved between gold dollars and greenbacks.

[The Henry Clay Project @System4America]

(12/21) The act was unpopular, and congress attempted to repeal it several time, but each time it fell through

[The Henry Clay Project @System4America]

(11/21) Hayes and Sherman had agreed to stockpile gold to exchange greenbacks for specie.

[The Henry Clay Project @System4America]

(10/21) As prior mentioned, Sherman was a pro gold Republican, and focused on bringing the nation towards the gold standard.

[The Henry Clay Project @System4America]

(9/21) During his tenure, Sherman faced two major issues. One being the issue of greenbacks the other being silver

[The Henry Clay Project @System4America]

(8/21) following debate in the senate, Sherman was confirmed for the position.

[The Henry Clay Project @System4America]

(7/21) Like Grant before him, Hayes had appointed without consulting the party leaders.

[The Henry Clay Project @System4America]

(6/21) As both a prominent Republican and prominent figure in congressional finance, Sherman was the ideal choice for the position of secretary of the treasury.