Political Quotes

John Sherman: “They take the place of actual gold in settling exchanges, and thereby prevent the disturbances in the money market which…”

On the record
They take the place of actual gold in settling exchanges, and thereby prevent the disturbances in the money market which always result from the moving of bullion.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman explains the role of bonds in stabilizing the money market.

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