On the record
Strike out of existence in a single day the legal-tender notes, and I fear that the bank-note would for a time fall in comparative value: so would everything else.
Source
gutenberg.orgCharles Sumner: “Strike out of existence in a single day the legal-tender notes, and I fear that the bank-note would for a time fall in…”
Editor's note · Context
Sumner warns that eliminating legal-tender notes could destabilize the value of bank-notes and other currencies.
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