On the record
This security of coin payment enabled the government to sell bonds at a far higher rate than they would have commanded without it, and tended also to limit the depreciation of United States notes.
Source
gutenberg.orgJohn Sherman: “This security of coin payment enabled the government to sell bonds at a far higher rate than they would have commanded…”
Editor's note · Context
Sherman discusses how the security of coin payment positively influenced bond sales and limited currency depreciation.
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More from John Sherman
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
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