Political Quotes

Charles Sumner: “It is in two conspicuous forms that Repudiation flaunts: first, in the barefaced proposition to tax the bonds, contrary…”

On the record
It is in two conspicuous forms that Repudiation flaunts: first, in the barefaced proposition to tax the bonds, contrary to the contract at the time the money was lent; and the other, not less barefaced, to pay interest-bearing bonds with greenbacks, or, in other words, mere promises to pay without interest.
Said by
Charles Sumner
Massachusetts

Editor's note · Context

Sumner outlines two forms of repudiation that threaten the integrity of financial contracts.

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