Excerpt from Letters and Messages of Rutherford B. Hayes, President of the United States: Together With Letter of Acceptance and Inaugural Address On the currency question I have frequently expressed my views in public, and I stand by my record on this subject. I regard all the laws of the United States relating to the payment of the public indebtedness, the legal-tender notes included, as constituting a pledge and moral obligation of the Government, which must in good faith be kept. It is my conviction 'that the feeling ...
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Excerpt from Letters and Messages of Rutherford B. Hayes, President of the United States: Together With Letter of Acceptance and Inaugural Address On the currency question I have frequently expressed my views in public, and I stand by my record on this subject. I regard all the laws of the United States relating to the payment of the public indebtedness, the legal-tender notes included, as constituting a pledge and moral obligation of the Government, which must in good faith be kept. It is my conviction 'that the feeling of uncertainty inseparable from an irredeemable paper currency, with its uctuations of value, is one of the great obstacles to a revival of confidence and business, and to a return of prosperity. That uncertainty can be ended in but one way the resumption of Specie payments. But the longer the instability of our money system is permitted to continue, the greater will be the ih jury in icted upon our economical interests and all classes of society. If elected, I shall approve every appropriate measure to accomplish the desired end; and shall oppose any step backward. The resolution with respect to the public-school system is one which should receive the hearty support of the American people. Agitation upon this subject is to be apprehended, until, by constitutional amend ment, the schools are placed beyond all danger of sectarian control or interference. The Republican party is pledged to secure such an amendment. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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