The evils of a depreciated and fluctuating currency are so great that now, when the premium on gold has fallen so much, it would seem that the time has arrived when by wise and prudent legislation Congress should look to a policy which would place our currency at par with gold at no distant day.
Ulysses S. Grant: “The evils of a depreciated and fluctuating currency are so great that now, when the premium on gold has fallen so much…”
Editor's note · Context
Grant argues for legislative action to stabilize currency and align it with gold, given the current favorable conditions.
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