Mr. President. of the abundant capacity of this country under a wise and prudent system of financial economy to maintain at par any amount of circulating notes or shorttime interest notes which it may reasonably see fit to use. The same facts which draw to this country the great tide of immigrationits free institutions. its freedom from war. the absence of great standing armies. its isolated situation. its vast and varied industries. its wonderful productiongive it confidence throughout the world and give to its pledges of the public faith with all the syndicates and the institutions of associated credit. either public or private. throughout the world both attractiveness and absolute confidence. I have no doubt that the Government may rely with absolute confidence upon the sale of these bonds through either syndicates of the wise men who now control by their gigantic operations the exchange and the value of all the products of industry. or they may rely on their sale to the producers. to the people at large. or on both. as perhaps would be the wiser plan. In either case the suggestion of the Senator from Delaware holds equally good.
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