To do so ensures the defaulting republic from having to pay debts of an improper character under duress, while it also ensures honest creditors of the republic from being passed by in the interest of dishonest or grasping creditors.
Roosevelt highlights the importance of ensuring fair treatment of creditors while preventing coercive debt repayment.
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More from Teddy Roosevelt
I will accept the nomination for President if it is tendered to me, and I will adhere to this decision until the convention has expressed its preference.
It is not the critic who counts; not the man who points out how the strong man stumbles.
I absolutely agree with you that this matter is not one to be decided with any reference to the personal preferences or interests of any man, but purely from the standpoint of the interests of the people as a whole.
The man who does nothing cuts the same sordid figure in the pages of history, whether he be cynic, or fop, or voluptuary.
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