[Rarebooks] FS: James Garfield on the Gold Panic, 1870, SIGNED
Charles Agvent
chagvent at ptd.net
Mon Feb 15 10:38:56 EST 2010
From one of the largest and finest selections of Signed Presidential
books offered for sale anywhere, with items added frequently. See many
more at http://www.charlesagvent.com
GARFIELD, James A. INVESTIGATION INTO THE CAUSES OF THE GOLD PANIC.
REPORT OF THE MAJORITY OF THE COMMITTEE ON BANKING AND CURRENCY, MARCH
1, 1870. Washington: Government Printing Office, 1870. First Edition.
Original green cloth. SIGNED by the future President on the front free
endpaper: "Respects of J. A. Garfield." At the time of this report
Garfield was chairman of the Committee on Banking and Currency under
President U. S. Grant. In the fall of 1869, financiers Jay Gould and
James Fisk attempted to corner the gold market, hoping to reap a
windfall profit when the government needed to buy gold and redeem the
paper "greenbacks" issued during the Civil War. The scheme included
Grant's brother-in-law Abel Corbin and the Assistant Treasurer of the
United States, Daniel Butterfield. Grant eventually discovered the plot
and ordered the market flooded with government gold to break the
speculators' stranglehold on the market. The report includes transcripts
of Gould's and Fisk's testimony before the committee. Books signed by
Garfield are among the scarcest of all presidents. Garfield served only
four months as President before being shot by Charles Guiteau. His term
was the second shortest served by a President. Slight fraying to spine
tips; Near Fine. $15,000.00
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