Author: Blaine, James G.
Title: An Irredeemable Paper Currency: Speech of the Hon. James G. Blaine, in the House of Representatives, February 10th, 1876.
Description: [Washington, DC?]: 1876. 1876. - Octavo, unbound, as published. Two sheets of paper are folded once to form 8 pages, including 7 pages of text & a rear blank. The page edges are darkened with the front edges of the last 2 leaves chipped. The corners of the pages are creased & the top edges lightly chipped. The rear blank is soiled. Good. First edition. No place of publication or printer are indicated. James G. Blaine [1830-1893] was an American statesman and Republican politician who represented Maine in the U. S. House of Representatives from 1863 to 1876 and served as Speaker of the House from 1869 to 1875. Blaine led the fight in Congress for a strong dollar. After the issuance of 150 million dollars in greenbacks--currency not backed by gold--the value of the dollar stood at a low ebb. A bipartisan group of inflationists wished to allow the Treasury to continue to issue greenbacks and even to use them to pay the interest due on pre-war bonds. Blaine held that such a move would be a repudiation of the nation's promise to investors which was made when the only currency was gold. He was especially concerned for the laborers and pensioners who would suffer most from inflation. He pointed out that the greenbacks had only been an emergency measure to avoid bankruptcy during the war. Blaine and his hard money allies were sucesssful but the issue remained alive until 1879 when all remaining green backs were made redeemable in gold. Fair .
Keywords: ECONOMICS; PAPER CURRENCY; GREEN BACKS; GOLD; SPEECH IN THE HOUSE OF REPRESENTATIVES; AMERICAN STATESMAN; JAMES G. BLAINE; AN IRREDEEMABLE PAPER CURRENCY; STRONG DOLLAR; INFLATIONISTS; INTEREST ON PRE-WAR BONDS; PAMPHLET; NINETEENTH CENTURY; 19TH CENTURY
See more books from our catalog: Economics
Title: An Irredeemable Paper Currency: Speech of the Hon. James G. Blaine, in the House of Representatives, February 10th, 1876.
Description: [Washington, DC?]: 1876. 1876. - Octavo, unbound, as published. Two sheets of paper are folded once to form 8 pages, including 7 pages of text & a rear blank. The page edges are darkened with the front edges of the last 2 leaves chipped. The corners of the pages are creased & the top edges lightly chipped. The rear blank is soiled. Good. First edition. No place of publication or printer are indicated. James G. Blaine [1830-1893] was an American statesman and Republican politician who represented Maine in the U. S. House of Representatives from 1863 to 1876 and served as Speaker of the House from 1869 to 1875. Blaine led the fight in Congress for a strong dollar. After the issuance of 150 million dollars in greenbacks--currency not backed by gold--the value of the dollar stood at a low ebb. A bipartisan group of inflationists wished to allow the Treasury to continue to issue greenbacks and even to use them to pay the interest due on pre-war bonds. Blaine held that such a move would be a repudiation of the nation's promise to investors which was made when the only currency was gold. He was especially concerned for the laborers and pensioners who would suffer most from inflation. He pointed out that the greenbacks had only been an emergency measure to avoid bankruptcy during the war. Blaine and his hard money allies were sucesssful but the issue remained alive until 1879 when all remaining green backs were made redeemable in gold. Fair .
Keywords: ECONOMICS; PAPER CURRENCY; GREEN BACKS; GOLD; SPEECH IN THE HOUSE OF REPRESENTATIVES; AMERICAN STATESMAN; JAMES G. BLAINE; AN IRREDEEMABLE PAPER CURRENCY; STRONG DOLLAR; INFLATIONISTS; INTEREST ON PRE-WAR BONDS; PAMPHLET; NINETEENTH CENTURY; 19TH CENTURY
Price: US$ 150.00 Seller: Blue Mountain Books & Manuscripts, Ltd.
- Book number: 36822
- Book number: 36822
See more books from our catalog: Economics