This reserve must bear a proportion to the aggregate of liabilities so large as to remove mistrust, and this can be accomplished only by presenting as in the vaults of the Treasury an amount of coin nearly equal to the sum of liabilities.
Sumner argues for a reserve of coin in the Treasury to restore public trust in financial obligations.
Share
More from Charles Sumner
Slavery and the: speech in New York, XI. 433.
Disunion no remedy for grievances of, VII. 33.
Early testimony of the Church against, I. 59.
Women’s National League, petition of, for universal emancipation, X. 300.
Other voices in this conversation
