On the record
The stability of the banks, which is so vital alike to the national currency and to the pecuniary interests involved in the business, can be assured only by an issue of bonds for a longer term.
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gutenberg.orgEditor's note · Context
Sumner argues that the stability of banks is essential for the national currency and can only be ensured through long-term bonds.
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But so long as War exists as an Institution this terrible inconsistency must appear.
Endeavor, for a moment, by comparison with other interests, to grapple with this sum.
According to recent calculations, its annual cost is not less than a thousand millions of dollars.
The devices of party can no longer stave it off.
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