On the record
To lock up the surplus in the Treasury and withhold it from circulation would lead to such a contraction of the currency as to cripple trade and seriously affect the prosperity of the country.
Source
gutenberg.orgUlysses S. Grant: “To lock up the surplus in the Treasury and withhold it from circulation would lead to such a contraction of the currency…”
Editor's note · Context
He warns that locking up surplus funds in the Treasury could harm trade and the economy.
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Foreigners coming to this country to become citizens, who are educated in their own language, should acquire the requisite knowledge of ours during the necessary residence to obtain naturalization.
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It is not probable that public affairs will ever again receive attention from me further than as a citizen of the Republic, always taking a deep interest in the honor, integrity, and prosperity of the whole land.
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