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A healthy reaction would set in at once, and with it a desire to make the currency equal to what it purports to be.
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gutenberg.orgEditor's note · Context
He predicts that a healthy economic reaction would occur, aligning currency value with its intended worth.
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More from Ulysses S. Grant
Lead, zinc, and copper, from being articles of import, we may expect to be large exporters of in the near future.
A power should exist complete in its organization, ready to take and able to maintain its place among the nations of the earth.
The merchants, manufacturers, and tradesmen of every calling could do business on a fair margin of profit, the money to be received having an unvarying value.
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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