On the record
The premium on gold became the measure of the depreciation of the government credit, and practically such premiums were the charge made for every loan negotiated.
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gutenberg.orgJames Blaine: “The premium on gold became the measure of the depreciation of the government credit, and practically such premiums were…”
Editor's note · Context
Blaine discusses how the premium on gold served as an indicator of government credit depreciation during financial negotiations.
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