Nov 03, 2011 - Sale 2259

Sale 2259 - Lot 175

Price Realized: $ 840
?Final Price Realized includes Buyer’s Premium added to Hammer Price
Estimate: $ 500 - $ 750
"THE DEMOCRATIC SILVER SCHEME" GARFIELD, JAMES A. Two Letters Signed, "J.A.Garfield," to Samuel B. Ruggles. The first, apologizing for his late reply, assuring him that resistance to the Democratic Silver Scheme has to date been successful. The second, thanking him for sending information on the Nation's agricultural progress. Together 3 pages, 8vo ruled paper; cello tape at top and bottom edges, folds, one with some loss at top edge. Washington, 12 August 1876; Mentor, OH, 7 October 1880
Set Alert for Similar Items

Additional Details

12 August 1876: ". . . We have thus far successfully resisted the Silver Scheme, but the Democrats renew the fight every day determined, if possible, to carry it through. We have succeeded in getting in some good debate . . . which I think will help to correct the public mind."
The Coinage Act of February 12, 1873, brought an end to the minting of certain silver coins, including the standard silver dollar, causing the demonetization of silver. Democrats later advanced legislation allowing the unlimited coinage of silver dollars in an effort to remonetize silver, sometimes motivated by the suspicion that the Act was a criminal conspiracy to adopt the gold standard.