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.orgCharles Sumner: “The stability of the banks, which is so vital alike to the national currency and to the pecuniary interests involved in…”
Editor'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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