On the record
In 1837 their notes were in the hands of the people, depreciated and dishonored, if not entirely worthless.
Source
gutenberg.orgJohn Sherman: “In 1837 their notes were in the hands of the people, depreciated and dishonored, if not entirely worthless.”
Editor's note · Context
Sherman describes the depreciation and dishonor of state bank notes during the financial crisis of 1837.
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