When the treasury is actually unable to redeem its notes in coin, suspension comes necessarily, but resumption would come again from the absolute necessity of currency for our daily wants, and Congress could provide better in view of the actual facts than anticipated facts.
John Sherman: “When the treasury is actually unable to redeem its notes in coin, suspension comes necessarily, but resumption would…”
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gutenberg.orgEditor's note · Context
Sherman states that the need for currency will drive resumption even when the treasury cannot redeem notes in coin.
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