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.orgIf 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.
Sherman predicts that the government could borrow money at lower interest rates if current policies continue.
Share
More from John Sherman
How can we avert a calamity at which humanity and civilization shudder?
This power in the hands of a few is at this moment the disturbing element in many of our great industries.
What a pity, he said, it would have been if so great a country as the United States had been disrupted on account of slavery.
He took strong ground against the repeal of the Missouri Compromise, and in 1859 was a competitor with me for the position of speaker, but withdrew in my favor after the first ballot.