On the record
I would issue a bank-note for every dollar of Treasury obligation cancelled; but I would issue no bank-note that did not absorb an equal obligation of the Treasury.
Source
gutenberg.orgCharles Sumner: “I would issue a bank-note for every dollar of Treasury obligation cancelled; but I would issue no bank-note that did not…”
Editor's note · Context
Sumner advocates for a banking policy that ties bank-note issuance to Treasury obligations.
Share
More from Charles Sumner
Early testimony of the Church against, I. 59.
The only Constitutional party and party of freedom, VII. 38.
Sovereignty of, belongs to the people, XVI. 28.
His loyalty to the Declaration of Independence, XIX. 317.
Other voices in this conversation
