On the record
Sound financial authorities unite in declaring, that, if the Government resumes specie payments, the banks of New York can resume; and when the banks of New York resume, the whole country can resume.
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gutenberg.orgCharles Sumner: “Sound financial authorities unite in declaring, that, if the Government resumes specie payments, the banks of New York…”
Editor's note · Context
Sumner asserts that resuming specie payments by the government would enable banks to stabilize the economy.
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