SHORT ROAD TO SPECIE-CURRENCY.

Octavo, softcover bound in printed cream wrappers. The binding is darkened and lightly soiled & bumped with stains to the front wrap. Title, 8 pages & [1] blank leaf. The page corners are bumped. There are light vertical creases where the pamphlet has been folded. Good. This pamphlet prints a letter dated May 11th, 1874 from John E. Williams of the Metropolitan National Bank to the Hon. John Sherman, Chairman of the U.S. Senate Finance Committee. Williams was a passionate advocate of specie currency or national legal tender notes. Arguing that the Congress and the public have been prone to cling to outdated methods, he writes: "Among such useless antiquities, may be classed, 'the Suffolk Bank System,' so called, which was the most unmitigated paper-scheme ever devised; under it, millions of bank bills were redeemed without using a dollar of specie!" He proposes that "Congress assume, at once, the inherent, sovereign prerogative of a Government 'of the people, by the people, and for the people,' and exercise it by furnishing all the inhabitants of the United States with a uniform National currency!."Scarce.

Product Info

Publisher: (New York: (1874).

Year: (1874).

Type: Used

Binding: Softcover

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