On the record
It is unreasonable to expect a return to a sound currency so long as the Government by continuing to issue irredeemable notes fills the channels of circulation with depreciated paper.
Source
gutenberg.orgIt is unreasonable to expect a return to a sound currency so long as the Government by continuing to issue irredeemable notes fills the channels of circulation with depreciated paper.
Johnson argues that the issuance of irredeemable notes prevents a return to sound currency.
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I transmit the accompanying communications from the Secretary of the Interior, together with the papers to which they have reference.
Feeling constrained to withhold my consent, I herewith return the resolution to the Senate, in which House it originated, with a brief statement of the reasons which have induced my action.
My object in this communication is to suggest certain defects in the Constitution which seem to me to require correction.