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.
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gutenberg.orgBut 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.
Sumner critiques the artificial support of inconvertible Treasury notes following bank suspensions.
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