On the record
It was my opinion, however, that it would be wiser to delay resumption until the balance of trade should be so much in our favor that specie payments could be maintained by our own resources.
Source
gutenberg.orgEditor's note · Context
Boutwell expresses his belief that delaying resumption of specie payments would be wiser until trade balances improved.
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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.
He possessed wit, sarcasm and irony in every form.
In truth, gold plays a small part only in actual business.
The reference of the question at issue to the tribunal at Geneva was a conspicuous instance of the adjustment of a grave international dispute by peaceful methods.
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