On the record
The whole nation is interested in securing cheap transportation from the agricultural States of the West to the Atlantic Seaboard.
Source
gutenberg.orgEditor's note · Context
Grant highlights the importance of affordable transportation for agricultural states to access the Atlantic.
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We should look to the dangers threatening us, and remedy them so far as lies in our power.
This implies a return to a specie basis, and no substitute for it can be devised.
This begot a spirit of speculation involving an extravagance and luxury not required for the happiness or prosperity of a people, and involving, both directly and indirectly, foreign indebtedness.
Debt, debt abroad, is the only element that can, with always a sound currency, enter into our affairs to cause any continued depression in the industries and prosperity of our people.
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