People are now so easily alarmed as to monetary matters that the mere filing of a petition in bankruptcy by an unfriendly creditor will necessarily embarrass, and oftentimes accomplish the financial ruin, of a responsible business man.
Grant highlights the negative impact of bankruptcy petitions on responsible business owners.
Share
More from Ulysses S. Grant
I believe firmly that there can be no prosperous and permanent revival of business and industries until a policy is adopted--with legislation to carry it out--looking to a return to a specie basis.
I remember him well, seated with his elbows on the table in front of him, his chin between his hands, and looking the picture of despair.
I commend this subject to your careful consideration, believing that a favorable solution is attainable, and if reached by this Congress that the present and future generations will ever gratefully remember it as their deliverer from a…
This implies a return to a specie basis, and no substitute for it can be devised.
Other voices in this conversation
