On the record
It is easy to see that our debt could have been funded without paying more than four per cent., but for the doubt cast upon our credit by the dishonest schemes of Repudiation.
Source
gutenberg.orgEditor's note · Context
He argues that the U.S. could have secured lower interest rates if not for the damaging effects of repudiation on national credit.
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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.
Rather would I arouse you to renewed and incessant exertion.
Again I repeat, so long as the War System prevails under the sanction of International Law, these painful incongruities will be apparent.
The subterfuges of the politician cannot escape it.
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