1718
Panic! Letter to Congressman Elisha Haley, fr
Currency:USD
Category:Antiques
Start Price:35.00 USD
Estimated At:70.00 - 90.00 USD
NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2008 Mar 20 @ 15:00UTC-05:00 : EST/CDT
Panic! Letter to Congressman Elisha Haley, from constituent, Sinclairville, N.Y., Sept. 6, 1837, giving opinion on the Panic of that year. 7 3/4 x 1 2 1/2 , 3 pp., integral stampless address-leaf, "Gerry, N.Y." mss. marking. Worried about the influence of financial institutions on government: "...no monetary institutions should be in the power of individuals...It is certain that any moneyed institution that is sufficiently powerful as to exert an influence over this Nation would be dangerous, would eventually lead to civil commotions & bloodshed...." Decries theory of a central bank, feeling it would be able to "dictate all the elections...." Believes that the amount of money in circulation should be fixed, so that "no corporations [had the power] to make money plenty or scarce at their pleasure...," and feels that paper currency should be backed with specie, so "it would be impossible to strike off paper [money] sufficient to answer the chimerical schemes of such persons." The writer offers a highly detailed plan for bringing U.S. monetary policy back onto sound footing. What is prophetically described is similar to the Federal Reserve System of today, but even more conservative. Over 600 banks failed in 1837; workers were sometimes paid in "shinplasters" of dubious value. Very fine.
Auction Location:
P.O. Drawer 821, Yonkers, New York, 10702, United States
Previewing Details:
By appointment. Call for information.
NY State buyers charged sales tax at their respective City/County rate.
Taxes:
| Tax | Rate | Desc. |
| NY |
8.38% |
NY State Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
9,999.00 |
20% |
| 10,000.00 |
Infinite |
20% |
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ABOUT THIS AUCTION
The underlying auction in which you are bidding is Cohasco, Inc.s traditional mail-telephone auction.
Cohasco, Inc. has been in business for 62 years, originally in lower Manhattan, and presently in Yonkers, located on the New York City line.
We believe we are today the second oldest full-time autograph and manuscript dealer in North America.
You will be doing business with an old-fashioned firm. This is not a part-time hobby, nor are we newcomers. Over the years, we have handled major rarities and important collections, as well as more pedestrian material, and have sold to many of the preeminent government repositories, university libraries, and archives, as well as collectors and dealers around the world. We do not generally handle modern autographic material, as this can be prone to question.
Members of the firm enjoy life membership in the New-York Historical Society and U.A.C.C., and membership in the Manuscript Society for about forty years. Members of the firm are past or present members of the Rotary Club of New York. Our founder is a Knight-Commander of Malta, among other honors.
We have been issuing printed catalogues for decades, and continue to do so; this is our third auction to be shown on iCollector.com/eBay Live.
(The printed catalogue which underlies this auction is 128 pages, and may be obtained by Priority Mail for 10.00 domestic, 15.00 international.)
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PLEASE NOTE THAT ALL BIDS MUST BE RECEIVED BY MARCH 18, 2008, 8:00 P.M. E.S.T.