On the record
The refusal or neglect to maintain this species of redemption inevitably effects the exclusion from circulation of the most valuable, which, thereafter, becomes a commodity, bought and sold at a premium. . . .
Source
gutenberg.orgJohn Sherman: “The refusal or neglect to maintain this species of redemption inevitably effects the exclusion from circulation of the…”
Editor's note · Context
Sherman warns that failing to maintain redemption policies can lead to valuable currency being excluded from circulation.
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