On the record
These certificates will always be redeemable in the bonds stipulated for, and can, with profit, be issued, while the money received for them can be used in redeeming bonds bearing a higher rate of interest.
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gutenberg.orgJohn Sherman: “These certificates will always be redeemable in the bonds stipulated for, and can, with profit, be issued, while the…”
Editor's note · Context
Sherman explains that the certificates will be redeemable and can be issued profitably while managing higher interest bonds.
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