On the record
It would compel the debtor class to pay, beyond their contracts, the premium on gold at the date of their purchase and would bring bankruptcy and ruin to thousands.
Source
gutenberg.orgUlysses S. Grant: “It would compel the debtor class to pay, beyond their contracts, the premium on gold at the date of their purchase and…”
Editor's note · Context
Grant warns that forcing debtors to pay in gold could lead to widespread financial ruin.
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