. The biography and public services of Hon James G. Blaine : giving a full account of twenty years in the national capital . ? If any gentleman will tell me, I shall be glad to learnhow it will be easier to pay sixteen hundred millions in gold inthe redemption of greenbacks, than to pay the same amount inthe redemption of Five-twenty bonds? The policy advocated, itseems to me, has only two alternatives—the one to ruinouslyinflate the currency and leave it so, reckless of results; the otherto ruinously inflate the currency at the outset, only to renderredemption in gold far more burdensome in t
. The biography and public services of Hon James G. Blaine : giving a full account of twenty years in the national capital . ? If any gentleman will tell me, I shall be glad to learnhow it will be easier to pay sixteen hundred millions in gold inthe redemption of greenbacks, than to pay the same amount inthe redemption of Five-twenty bonds? The policy advocated, itseems to me, has only two alternatives—the one to ruinouslyinflate the currency and leave it so, reckless of results; the otherto ruinously inflate the currency at the outset, only to renderredemption in gold far more burdensome in the end. The remedy for our financial troubles, Mr. Speaker, will notbe found in a superabundance of depreciated paper lies in the opposite direction—and the sooner the nation findsitself on a specie basis, the sooner will the public treasury befreed from embarrassment, and private business relieved fromdiscouragement. Instead, therefore, of entering upon a recklessand boundless issue of legal tenders, with their consequent de-pression if not destruction of value, let us set resolutely to work ^^^^^?i^^.
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectblainej, bookyear1884
