Author: Williams, John E. (1804-1877).
Title: Short Road to Specie-Currency.
Description: (New York}: (1874). (1874). - Octavo, softcover bound in printed cream wrappers. The binding is darkened and lightly soiled & bumped with stains to the front wrap. Title, 8 pages & [1] blank leaf. The page corners are bumped. There are light vertical creases where the pamphlet has been folded. Good.

This pamphlet prints a letter dated May 11th, 1874 from John E. Williams of the Metropolitan National Bank to the Hon. John Sherman, Chairman of the U.S. Senate Finance Committee. Williams was a passionate advocate of specie currency or national legal tender notes. Arguing that the Congress and the public have been prone to cling to outdated methods, he writes: "Among such useless antiquities, may be classed, 'the Suffolk Bank System,' so called, which was the most unmitigated paper-scheme ever devised; under it, millions of bank bills were redeemed without using a dollar of specie!" He proposes that "Congress assume, at once, the inherent, sovereign prerogative of a Government 'of the people, by the people, and for the people,' and exercise it by furnishing all the inhabitants of the United States with a uniform National currency!.."

Scarce. Good .

Keywords: ECONOMICS; CURRENCY; UNIFORM NATIONAL CURRENCY; SHORT ROAD TO SPECIE-CURRENCY; JOHN E. WILLIAMS, METROPOLITAN NATIONAL BANK; HON. JOHN SHERMAN, CHAIRMAN, SENATE FINANCE COMMITTEE; NINETEENTH CENTURY; 19TH CENTURY.

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