On the record
National bankruptcy is not an agreeable prospect, but it is the only one presented by the existing state of American finance.
Source
gutenberg.orgEditor's note · Context
Sherman warns about the dire consequences of national bankruptcy amid financial turmoil.
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More from John Sherman
Thus the Kansas question became a political question in the Supreme Court.
It seems to me that in the present condition of our finances there is no necessity for conferring these large powers on the Secretary of the Treasury.
I believe that it will give a reasonable fair protection for the great industries of agriculture, manufacture, and commerce, which lie at the basis of the prosperity of this country.
I worked hard that winter, for hard work, I thought, was the way to fortune.
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