Charles Sumner: “It will be nothing less than Repudiation, with a certain loss of…”

On the record

It will be nothing less than Repudiation, with a certain loss of credit, which no saving of interest can repay.

Said by

Massachusetts

Source

Sumner cautions that repudiating debt will harm credit irreparably, regardless of interest savings.

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Other voices in this conversation

Charles Sumner: “It will be nothing less than Repudiation, with a certain loss of credit, which no saving of interest can repay.”