On the record
It is true that you may exercise one power and decline the other; but if you assume the power to issue bills of credit, I am at a loss to understand how you can deny the power to make them a tender.
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gutenberg.orgIt is true that you may exercise one power and decline the other; but if you assume the power to issue bills of credit, I am at a loss to understand how you can deny the power to make them a tender.
He questions the logic of denying the power to make bills of credit a tender if one accepts the power to issue them.
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More from Charles Sumner
I am opposed to a tariff for protection merely, and not for revenue."--Letter to John K.
The most distant are not without a present influence on our daily lives.
Nor should we be too impatient to witness the fulfilment of our aspirations.
I am in favor of a tariff for revenue, such a one as will yield a sufficient amount to the treasury to defray the expenses of the government, economically administered.