On the record
When the old silver dollars are issued at par with the United States notes, a large amount of them will be taken as a reserve by the people to meet future needs, with or without a legal tender quality.
Source
gutenberg.orgWhen the old silver dollars are issued at par with the United States notes, a large amount of them will be taken as a reserve by the people to meet future needs, with or without a legal tender quality.
Sherman discusses the potential benefits of issuing old silver dollars as a reserve currency.
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