It had been demonstrated that Treasury notes, without punctual and regular redemption, would not circulate.
James Blaine: “It had been demonstrated that Treasury notes, without punctual and regular redemption, would not circulate.”
Editor's note · Context
Blaine discusses the necessity of redeeming Treasury notes to ensure their circulation.
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The States are colleagues of one another, and if some of them shall conquer the rest, and hold them as subjugated provinces, it would totally destroy the whole theory upon which they are now connected.
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