Charles Sumner: “Interest-bearing bonds are to be paid with non-interest-bearing bits…”

On the record

Interest-bearing bonds are to be paid with non-interest-bearing bits of paper.

Said by

Massachusetts

Source

Sumner points out the absurdity of paying interest-bearing bonds with non-interest-bearing currency, highlighting a financial inconsistency.

More from Charles Sumner

Consent of the governed necessary in forming new governments of, XII. 298.

His loyalty to the Declaration of Independence, XIX. 317.

The only Constitutional party and party of freedom, VII. 38.

Opening of United States courts to colored, XI. 389.

Other voices in this conversation

Charles Sumner: “Interest-bearing bonds are to be paid with non-interest-bearing bits of paper.”