I have confidence that it will be beneficial to the holder, in begetting habits of saving, and to the treasury, in aiding refunding; but its great benefit will be that the people themselves will in this way have a direct interest in preserving and maintaining the public faith.
John Sherman: “I have confidence that it will be beneficial to the holder, in begetting habits of saving, and to the treasury, in…”
Editor's note · Context
Sherman expresses his belief in the positive impact of a new financial instrument on both individual savers and the government's fiscal responsibility.
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