On the record
If, on the other hand, the bondholder can legally demand only the kind of money he paid, he is a repudiator and an extortioner to demand money more valuable than he gave.
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gutenberg.orgJohn Sherman: “If, on the other hand, the bondholder can legally demand only the kind of money he paid, he is a repudiator and an…”
Editor's note · Context
Sherman argues that bondholders demanding more valuable payment are acting unethically.
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Our family of states is already large enough to create embarrassment in the Senate, and a republic should not hold dependent provinces or possessions.
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