These extracts from letters received previous to and during the crisis may lead to the conclusion that it is not safe to trust to persons engaged in large business and commercial transactions as guides for the administration of the Government in financial matters.
Boutwell warns against relying on business leaders for government financial guidance during crises, highlighting potential conflicts of interest.
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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.
My object was to make the loan more negotiable in Europe and thus to extend the demand, and consequently, to increase the value of our securities.
And when it is remembered, that, for months and almost for years after the opening of the rebellion, we refused to accept the services of colored persons in the armies of the country, it is with ill grace that we now decline to allow the…
In truth, gold plays a small part only in actual business.
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