The outlay was indeed principally made in paper, but the faith of the United States was given for redemption in coin--a faith which has never been tarnished, and which in this instance has been signally vindicated by the steady determination of the people.
Blaine emphasizes the importance of the U.S. government's commitment to redeeming its paper currency with gold, reflecting the nation's financial integrity.
Share
More from James Blaine
If it be true that war cannot be declared, nor a system of general hostilities carried on by the Central Government against a State, then it seems to follow that an attempt to do so would be ipso facto an expulsion of such State from the…
If this view of the subject be correct, as I think it is, then the Union must utterly perish at the moment when Congress shall arm one part of the people against another for any purpose beyond that of merely protecting the General…
But what if the feeling in any State against the United States should become so universal that the Federal officers themselves (including judges, district attorneys, and marshals) would be reached by the same influences, and resign their…
The right of the General Government to preserve itself in its whole constitutional vigor by repelling a direct and positive aggression upon its property or its officers cannot be denied.
Other voices in this conversation
