Political Quotes

Charles Sumner: “While embodying the original proposition of substituting bank-notes for greenbacks, it provides for the refunding and…”

On the record
While embodying the original proposition of substituting bank-notes for greenbacks, it provides for the refunding and consolidation of the national debt in such a way as to make it easy to bear, while it brings the existing currency to a par with coin.
Said by
Charles Sumner
Massachusetts

Editor's note · Context

Sumner describes the dual purpose of his bill to stabilize currency and manage national debt.

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