On the record
I do not think it is necessary, in our present financial condition, to authorize him to go into market now and sell bonds at current market rates with a view to pay debts that do not mature for a year or two.
Source
gutenberg.orgJohn Sherman: “I do not think it is necessary, in our present financial condition, to authorize him to go into market now and sell…”
Editor's note · Context
Sherman argues against the necessity of authorizing the Secretary to sell bonds for debts that are not immediately due.
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