On the record
Government bonds enjoy preëminence as an investment,--and if the interest is high, they attract the disposable money of the country.
Source
gutenberg.orgEditor's note · Context
Sumner highlights the attractiveness of government bonds as investments, particularly when they offer high interest rates.
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More from Charles Sumner
Their existence is a disgrace to civilization; for it implies the common consent of nations to the Arbitrament of War, as regulated by these laws.
Endeavor, for a moment, by comparison with other interests, to grapple with this sum.
Again I repeat, so long as the War System prevails under the sanction of International Law, these painful incongruities will be apparent.
Still further: every ship-of-war that floats costs more than a well-endowed college.
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