On the record
Such was the commercial demand for American silver coins that in 1853 Congress authorized the debasement of the subsidiary silver coins as the only means of securing their circulation.
Source
gutenberg.orgEditor's note · Context
Boutwell describes the commercial demand for American silver coins that led Congress to debase them in 1853 to ensure circulation.
Share
More from George Boutwell
But General Grant was destitute of the war spirit, and he chose to exhaust all the powers of negotiation before he would advise a resort to force.
General Grant had no disposition to usurp power.
If others depart from this rule in their dealings with us, we may be compelled to follow their precedent.
Let it be understood that no repudiator of one farthing of our public debt will be trusted in public place, and it will go far toward strengthening a credit which ought to be the best in the world, and will ultimately enable us to replace…
Other voices in this conversation
