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.orgEditor's note · Context
Sumner advocates for a banking policy that ties bank-note issuance to Treasury obligations.
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Rather would I arouse you to renewed and incessant exertion.
Out of this pernicious prejudice have proceeded that persecution and neglect which are the too frequent lot of the world's pioneers.
They who strive after it, Ixion-like, embrace a cloud.
It is true, doubtless, that there are various races of men; but there is but one great Human Family, in which Caucasian, Ethiopian, Chinese, and Indian are all brothers, children of one Father, and heirs to one happiness.
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