Has Gold Appreciated? Banking, Charles C. Jackson.

Has Gold Appreciated?

New York: Reform Club Sound Currency Committee, 1895. A pamphlet published following the Panic of 1893, a period in which the value of gold was affected by the free silver movement, which had driven up the price of silver. This caused people to attempt to redeem their silver notes for gold. Gold reserves then decreased dramatically, and the minimum amount of gold required to be held in reserve by the government was reached.

American gold reserves had also dwindled as a result of the railroad boom and some subsequent bank failures. The author notes here, "The greatest improvement to be hoped for in our finances is the retirement of the legal tender paper issued by the Government, and the adoption of laws providing for issues of bank notes.... The foundation of all [efforts] must be confidence in the stability of the value of standard money...."

Small 8vo, 31pp, original brown paper wraps, dusty and chipped, large section of back cover has torn away, internally clean. OCLC: 2720651. Still good + copy. Item #10489

Price: $475.00

See all items in BANKING
See all items by ,