These two causes, however, have involved us in a foreign indebtedness, contracted in good faith by borrower and lender, which should be paid in coin, and according to the bond agreed upon when the debt was contracted--gold or its equivalent.
Ulysses S. Grant: “These two causes, however, have involved us in a foreign indebtedness, contracted in good faith by borrower and lender…”
Editor's note · Context
Grant emphasizes the importance of honoring foreign debts in accordance with the original agreements.
Share
More from Ulysses S. Grant
Santo Domingo is fertile, and upon its soil may be grown just those tropical products of which the United States use so much, and which are produced or prepared for market now by slave labor almost exclusively, namely, sugar, coffee…
When this is done, all the strength that there is in our Navy will be developed and useful to its full capacity, and it will be powerful for purposes of defense, and also for offensive action, should the necessity for that arise within a…
And in this connection I again invite your attention to the necessity of legislation concerning the marriages of American citizens contracted abroad, and concerning the status of American women who may marry foreigners and of children born…
Being a part of the United States, commerce between the island and mainland would be free.





