UNANSWERABLE EXPOSITION OF THE FOLLY OF FIAT MONEY. SPEECH BY HON. CARL SCHURZ, DELIVERED AT CINCINNATI, OHIO, SEPTEMBER 28, 1876.
[Cincinnati: 1876]. Folio, 11-3/4" x 14-1/2." 8p. Caption title, as issued. Each page printed in three columns, each column separated by a rule. Minor wear, Very Good.
Schurz, a German-American, whose advocacy was important in securing German immigrants to the Republican Party, had finished his term as U.S. Senator from Missouri when he gave this speech. With the election of Rutherford Hayes to the presidency in November, he would become Secretary of the Interior. Here he discusses the causes and consequences of the great Panic of 1873. The culprit, he says, was the government's "policy of currency inflation ... Not only the greenbacks, the national bank notes, and the fractional currency, but also the State bank circulation, the demand notes, the one and two year notes of 1863, and the compound notes." His Speech explores the Panic and the ongoing recovery.
OCLC 29915534 [5- Columbia, WI Hist. Soc., Harvard, NW U, State Lib. of MA] as of September 2021. Item #37807
Price: $375.00