On the record
This exception clause saved our public credit by making a market for our bonds, and the coin was paid by foreigners for the privilege of entering our markets.
Source
gutenberg.orgEditor's note · Context
Sherman emphasizes the importance of a specific clause in maintaining public credit during financial crises.
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It is impossible for an American to visit Paris without enjoyment and instruction.
The policy of this country ought to be to make everything national as far as possible.
It seems to me that in the present condition of our finances there is no necessity for conferring these large powers on the Secretary of the Treasury.
I would regard it as a public calamity to have the power of this House placed, directly or indirectly, under the control of this administration.
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