Political Quotes

George F. Hoar: “This scheme was to pay off the national debt and all other debts public and private, including all widows' and soldiers'…”

On the record
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.
Said by
George F. Hoar
Massachusetts

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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