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.
Source
gutenberg.orgEditor's note · Context
Sumner explains that fears of invasion prevented bank paper from remaining in circulation.
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More from Charles Sumner
Above all, welcome to the united regenerated Democracy of the North, which spurns the mockery of a Republic, with professions of Freedom on the lips, while the chains of Slavery clank in the Capitol!
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.
Tendencies of nations, as revealed in history, teach that our aims are in harmony with prevailing laws, which God, in his benevolence, has ordained for mankind.
In this contest, we may borrow from the ancient Greek, who, when his hands were cut off, fought with his stumps, and even with his teeth.
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