On the record
If the public honor cannot protect our promise to the note holder, how shall it protect our promise to the bondholder?
Source
gutenberg.orgJohn Sherman: “If the public honor cannot protect our promise to the note holder, how shall it protect our promise to the bondholder?”
Editor's note · Context
He questions how the public honor can protect bondholders if it fails to protect note holders, highlighting the importance of trust in financial commitments.
Share
More from John Sherman
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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.
The Union already embraces discordant elements enough without adding others.
Other voices in this conversation
