On the record
The experience of the present panic has proven that the currency of the country, based, as it is, upon the credit of the country, is the best that has ever been devised.
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gutenberg.orgUlysses S. Grant: “The experience of the present panic has proven that the currency of the country, based, as it is, upon the credit of the…”
Editor's note · Context
Grant emphasizes the reliability of the country's currency during economic panic, highlighting its credit-based nature as superior.
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