On the record
Another reason for a change in the existing contract was that it gave to the syndicate a monopoly in the sale of bonds while I wished to sell the bonds directly to the people.
Source
gutenberg.orgJohn Sherman: “Another reason for a change in the existing contract was that it gave to the syndicate a monopoly in the sale of bonds…”
Editor's note · Context
Sherman criticizes the existing bond contract for granting a monopoly to a syndicate, advocating for direct sales to the public instead.
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