Political Quotes

Charles Sumner: “Accustomed to the facilities this currency supplies, it is difficult to understand how business was conducted under the…”

On the record
Accustomed to the facilities this currency supplies, it is difficult to understand how business was conducted under the old system, when every bank had its separate currency, taking its color, like the chameleon, from what was about it, so that there were as many currencies, with as many colors, as there were banks.
Said by
Charles Sumner
Massachusetts

Editor's note · Context

Sumner reflects on the complexities of conducting business under a fragmented currency system before the establishment of a uniform currency.

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