John Sherman Letters document,

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Mansfield, OHIO, Oct. 10, 1869.

Dear Brother : . . . The panic in New York, though disastrous to a few, will do good. It will prove the absolute necessity of getting upon a specie basis. This process is a hard one and will affect the popularity of Grant's administration, but it must be gone through with. . . .

Affectionately,

John Sherman.

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John Sherman

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