On the record
Every bond that was issued was issued only upon the sacred pledge contained in this act, that the interest of that bond should be paid in coin; and the principal should be paid, when due, in coin.
Source
gutenberg.orgJohn Sherman: “Every bond that was issued was issued only upon the sacred pledge contained in this act, that the interest of that bond…”
Editor's note · Context
Sherman highlights the commitment to pay bond interest and principal in coin as a crucial promise.
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More from John Sherman
The life of a civilian is in what he says or writes, that of a soldier in what he does.
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.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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