AN ARTICLE ON THE DEBTS OF THE STATES. FROM THE CHRISTIAN REVIEW FOR MARCH, 1844.

Boston: Printed by William S. Damrell, 1844. 24pp, dbd. Light tan, Good+. A rare item, authorship unattributed, examining the boom-bust cycle through which the American economy has just passed, with emphasis on the widespread issuance of paper obligations which have flooded the marketplace. The author insists upon the moral and legal obligation of the States to repay the huge debts that they have incurred-- primarily to European lenders-- for internal improvements. FIRST EDITION. Not in Sabin, Eberstadt, Decker, AI. 23 NUC 0441610 [1]. Item #11830

Price: $175.00

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