The policy adhered to of collecting these duties in gold coin, had been the chief cause of upholding and advancing the public credit, and making it possible to lessen the burden of interest by the process of refunding.
John Sherman: “The policy adhered to of collecting these duties in gold coin, had been the chief cause of upholding and advancing the…”
On the record
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gutenberg.orgEditor's note · Context
Sherman credits the collection of customs duties in gold as crucial for maintaining public credit.
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