On the record
To my mind we must lessen the demand obligations of the Government, while the Secretary of the Treasury at the same time strengthens the reserves in the national vaults.
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gutenberg.orgCharles Sumner: “To my mind we must lessen the demand obligations of the Government, while the Secretary of the Treasury at the same time…”
Editor's note · Context
Sumner advocates for reducing government demand obligations while strengthening reserves to improve financial stability.
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