Political Quotes

Charles Sumner: “But the obligation in our bonds is to pay “dollars” also, whenever the bonds are paid; it may be after five years, or…”

On the record
But the obligation in our bonds is to pay “dollars” also, whenever the bonds are paid; it may be after five years, or, in the discretion of the Nation, not till twenty years, but, when paid, it must be in “dollars.” Such is the stipulation; nor could the addition of “coin” or “gold” essentially change this obligation.
Said by
Charles Sumner
Massachusetts

Editor's note · Context

Sumner clarifies that bonds must be paid in dollars, regardless of the timing of payment.

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