Charles Sumner: “So long as the alarms of invasion continued, it was clear that no bank…”

On the record

So long as the alarms of invasion continued, it was clear that no bank paper immediately convertible into gold would remain in circulation.

Said by

Massachusetts

Source

Sumner explains that fears of invasion prevented bank paper from remaining in circulation.

More from Charles Sumner

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

Disunion no remedy for grievances of, VII. 33.

Slavery and the: speech in New York, XI. 433.

Sovereignty of, belongs to the people, XVI. 28.

Other voices in this conversation

Charles Sumner: “So long as the alarms of invasion continued, it was clear that no bank paper immediately convertible into gold would…”