On the record
As it is, the government buys the silver at a certain valuation and then coins it at another valuation, to make a profit on the difference.
Source
gutenberg.orgJohn Sherman: “As it is, the government buys the silver at a certain valuation and then coins it at another valuation, to make a profit…”
Editor's note · Context
Sherman critiques the government's practice of buying and coining silver at different valuations, highlighting a flaw in the system.
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