On the record
That they are neither gold nor good paper, but are a kind of fiat currency, having no intrinsic character, being cheap, delusive, irredeemable and worthless.
Source
gutenberg.orgEditor's note · Context
Hoar describes a type of currency he views as fundamentally flawed and worthless.
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More from George F. Hoar
Never rode to the wrong's redressing A worthier paladin.
He would undoubtedly have taken a very high place in the public and official life of his generation if he had found himself in accord with either of the great political parties.
And now, after the war, another enemy, unarmed, but bringing even greater danger, menaces the Republic.
Perhaps, taking him all together, the most brilliant man in Harvard in my time was John Felton.
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