On the record
If irredeemable notes were a national dishonor, why did he not urge their redemption in coin at some fixed period and then reissue them, and maintain their redemption by a reserve in coin?
Source
gutenberg.orgJohn Sherman: “If irredeemable notes were a national dishonor, why did he not urge their redemption in coin at some fixed period and…”
Editor's note · Context
Sherman questions the logic behind not redeeming irredeemable notes, highlighting the inconsistency in financial policy.
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