On the record
The process of selling for United States notes need not go far before the mere fact that they are receivable for bonds would bring them up to par in coin, and that is specie payments.
Source
gutenberg.orgJohn Sherman: “The process of selling for United States notes need not go far before the mere fact that they are receivable for bonds…”
Editor's note · Context
Sherman explains how selling bonds for notes could help stabilize their value, contributing to specie payments.
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