Political Quotes

John Sherman: “It overthrew, not only the mode and manner of borrowing money, but the character of our public securities, and was the…”

On the record
It overthrew, not only the mode and manner of borrowing money, but the character of our public securities, and was the beginning of a new financial system, unlike anything that had been ventured upon by any people in the world before.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman describes a significant shift in the government's borrowing practices and the nature of public securities.

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