Political Quotes

On the record
The real question is, Shall our Government pay its pensions and all its employees and creditors in depreciated paper, when by borrowing a little money at six per cent it can bring its paper to par?" He charged that an immense lobby against the bill had thronged the hall, and was surprised to find importers among them.
Said by
James Blaine
Republican · Maine

Editor's note · Context

Blaine questions the wisdom of paying government obligations with depreciated currency instead of borrowing at a reasonable interest rate.

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