On the record
Our desire is to make them convertible,--in other words, the equivalent of coin in value, dollar for dollar.
Source
gutenberg.orgEditor's note · Context
Sumner expresses a desire to restore the convertibility of currency to ensure it holds equivalent value to coin.
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More from Charles Sumner
Still further: every ship-of-war that floats costs more than a well-endowed college.
They who strive after it, Ixion-like, embrace a cloud.
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.
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.
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