This scheme was to pay off the national debt and all other debts public and private, including all widows' and soldiers' pensions, in irredeemable paper money.
George F. Hoar: “This scheme was to pay off the national debt and all other debts public and private, including all widows' and soldiers'…”
Editor's note · Context
Hoar outlines a controversial scheme proposed by Butler to settle debts with irredeemable paper money, which he criticizes.
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