On the record
Such a currency would lead to the conversion of the notes into bonds, and by this process the people would absorb the national loan and enable him to carry on the government without any sacrifice to them.
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gutenberg.orgJohn Sherman: “Such a currency would lead to the conversion of the notes into bonds, and by this process the people would absorb the…”
Editor's note · Context
Sherman discusses how a specific currency system would benefit the public and the government.
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