Kolbe & Fanning
Auction 164 27 Aug 2022
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By the "Father of the Greenbacks"
Spaulding, E.G. A RESOURCE OF WAR--THE CREDIT OF THE GOVERNMENT MADE IMMEDIATELY AVAILABLE. HISTORY OF THE LEGAL TENDER PAPER MONEY ISSUED DURING THE GREAT REBELLION. BEING A LOAN WITHOUT INTEREST AND A NATIONAL CURRENCY. First edition. Buffalo: Express Printing Company, 1869. 8vo, original violet pebbled cloth, gilt. vi, (2), (5)-213, (1), 40 pages. Spine chipped at head; book catalogue entry affixed to pastedown; very good or better. A prominent banker, Elbridge Gerry Spaulding was elected to the House of Representatives as a Whig in 1848. Turning Republican, he was again elected to Congress in 1859. On December 30, 1861 Spaulding introduced into the House a bill for the issuance of legal tender treasury notes payable upon demand, hence the sobriquet "father of the greenbacks." His bill became law on February 25, 1862, authorizing the issuance of $150,000,000 of legal tender notes or greenbacks. Spaulding's rather scarce work is an in-depth account of the events surrounding the introduction and passage of the law authorizing legal tender notes and the subsequent consequences. It provides much valuable background information for students and collectors of our early federal paper money. Ex Q. David Bowers Library.
(Estimate: $100)
Spaulding, E.G. A RESOURCE OF WAR--THE CREDIT OF THE GOVERNMENT MADE IMMEDIATELY AVAILABLE. HISTORY OF THE LEGAL TENDER PAPER MONEY ISSUED DURING THE GREAT REBELLION. BEING A LOAN WITHOUT INTEREST AND A NATIONAL CURRENCY. First edition. Buffalo: Express Printing Company, 1869. 8vo, original violet pebbled cloth, gilt. vi, (2), (5)-213, (1), 40 pages. Spine chipped at head; book catalogue entry affixed to pastedown; very good or better. A prominent banker, Elbridge Gerry Spaulding was elected to the House of Representatives as a Whig in 1848. Turning Republican, he was again elected to Congress in 1859. On December 30, 1861 Spaulding introduced into the House a bill for the issuance of legal tender treasury notes payable upon demand, hence the sobriquet "father of the greenbacks." His bill became law on February 25, 1862, authorizing the issuance of $150,000,000 of legal tender notes or greenbacks. Spaulding's rather scarce work is an in-depth account of the events surrounding the introduction and passage of the law authorizing legal tender notes and the subsequent consequences. It provides much valuable background information for students and collectors of our early federal paper money. Ex Q. David Bowers Library.
(Estimate: $100)