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.
Editor's note · Context
Grant warns that forcing debtors to pay in gold could lead to widespread financial ruin.
Share
More from Ulysses S. Grant
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…
I had not force enough at Corinth to attack Price even by stripping everything; and there was danger that before troops could be got from other points he might be far on his way across the Tennessee.
It is not too much to hope that the Government of Brazil may hereafter find it for its interest, as well as intrinsically right, to advance toward entire emancipation more rapidly than the present act contemplates.





