On the record
When we cannot pay the coin, we are honorably and sacredly bound to pay in a bond of the United States, which in ordinary times would approximate to par in gold.
Source
gutenberg.orgJohn Sherman: “When we cannot pay the coin, we are honorably and sacredly bound to pay in a bond of the United States, which in…”
Editor's note · Context
Sherman asserts the obligation to honor debts with U.S. bonds when coin is unavailable.
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