On the record
If the present policy prevails, we shall be able to borrow all the money needed for national uses for less than four per cent., perhaps as low as three.
Source
gutenberg.orgJohn Sherman: “If the present policy prevails, we shall be able to borrow all the money needed for national uses for less than four per…”
Editor's note · Context
Sherman predicts that the government could borrow money at lower interest rates if current policies continue.
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The life of a civilian is in what he says or writes, that of a soldier in what he does.
The Union already embraces discordant elements enough without adding others.
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
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