Political
Rare "Greenbacks For Bonds" Broadsheet
(c. 1865) Undated, "Greenbacks For Bonds - The Contract" Democratic Horatio Seymour Campaign Political Broadsheet, Very Fine.
An extremely rare example of this political broadsheet, here in its complete form and full size (9.5" x 8"). Expertly repaired at the GR of GREENBACKS, where a hole has been filled in and the GR re-inked. Boldly printed in green and black ink. These were printed to illustrate the views of the Democratic "Radicals", who decried the huge profits being made by bondholders at the expense of the working man, not to mention the fact that the bond income was tax-free! (Are we not about to do that again?) Part of the problem was that the new Greenbacks issued by the U.S. government were not backed by gold and, as a result, the value of the paper money fluctuated (often wildly) in relation to tangible goods. The working man was paid in Greenbacks, but the bondholders were paid in gold, creating an imbalance and effectively transferring wealth from the working man to the bondholders.
Usually, only the top part of the broadsheet is seen (the note itself) and the explanatory information at the bottom is discarded. As a result, price records for complete examples are high -- (in January 2000, Stack's sold a slightly nicer example than the one offered here for $7,935).
A wonderful and historically important item for the advanced currency collector!
Rare "Greenbacks For Bonds" Broadsheet
(c. 1865) Undated, "Greenbacks For Bonds - The Contract" Democratic Horatio Seymour Campaign Political Broadsheet, Very Fine.
An extremely rare example of this political broadsheet, here in its complete form and full size (9.5" x 8"). Expertly repaired at the GR of GREENBACKS, where a hole has been filled in and the GR re-inked. Boldly printed in green and black ink. These were printed to illustrate the views of the Democratic "Radicals", who decried the huge profits being made by bondholders at the expense of the working man, not to mention the fact that the bond income was tax-free! (Are we not about to do that again?) Part of the problem was that the new Greenbacks issued by the U.S. government were not backed by gold and, as a result, the value of the paper money fluctuated (often wildly) in relation to tangible goods. The working man was paid in Greenbacks, but the bondholders were paid in gold, creating an imbalance and effectively transferring wealth from the working man to the bondholders.
Usually, only the top part of the broadsheet is seen (the note itself) and the explanatory information at the bottom is discarded. As a result, price records for complete examples are high -- (in January 2000, Stack's sold a slightly nicer example than the one offered here for $7,935).
A wonderful and historically important item for the advanced currency collector!
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Auction details
Autographs-Coins-Currency-Americana
9:00 AM PT - Jan 26th, 2008
offered by
Early American
P.O. Box 3507
Rancho Santa Fe CA 92067
Rancho Santa Fe CA 92067
