On the record
But the suspension of the banks was followed by suspension of the Treasury, and its notes are now inconvertible paper, which it is proposed to sustain artificially by declaring them a tender.
Source
gutenberg.orgCharles Sumner: “But the suspension of the banks was followed by suspension of the Treasury, and its notes are now inconvertible paper…”
Editor's note · Context
Sumner critiques the artificial support of inconvertible Treasury notes following bank suspensions.
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