Political Quotes

John Sherman: The safety of the public creditors consists in having a specific fund for the payment of their interest; the principal…

On the record
The safety of the public creditors consists in having a specific fund for the payment of their interest; the principal will take care of itself; and that fund has always been maintained in the darkest hours of the war.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman highlights the importance of having a specific fund to ensure the safety of public creditors' interests.

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