Political Quotes

Charles Sumner: “It is like the credit or good-will of an established mercantile house, which stands often instead of capital; and then…”

On the record
It is like the credit or good-will of an established mercantile house, which stands often instead of capital; and then the fact that the proceeds are to be absorbed in the redemption of the first Five-Twenties, so often assailed, will most signally attest the determination of the country to maintain its credit.
Said by
Charles Sumner
Massachusetts

Editor's note · Context

Sumner emphasizes the importance of maintaining national credit through prudent financial decisions.

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Slave Power, necessity of political action against the, II. 207.

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