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Product ID: 752
Out of stock

Gardwell, Godek - Edward Kellogg - Currency: The Evil & the Remedy

Gardwell, Godek. Currency: The Evil & the Remedy. USA, the author, 1843, 44pp. Wraps. Scarce attack on the power of money & abuse of. Original printed wrappers with wrapper title [as issued]. [2], 43,  pp. Stitched,  The author's pseudonym is an anagram of 'Edward Kellogg.' The Panic of 1837 inspired Kellogg to devote his life to creating a monetary system which would prevent future such convulsions and "permanently eradicate the evil." Kellogg became a hero in agrarian, populist, and labor circles for his proposals to eliminate the gold standard and to create in its place a government-controlled National Safety Fund as the basis of all currency. The Fund would issue legal tender notes and lend them on the security of real estate at a low rate of interest; and it would issue bonds that could be freely exchanged with the notes.  Good copy, disbound, crudely trimmed with slight edge loss of text.

 

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