Sold by William Reese Company, New York, NY, U.S.A.
Association Member:
AbeBooks Seller since July 13, 2006
Seller rating 5 out of 5 stars
The case of Peirce & Bacon, Boston merchants, revolves around drafts drawn on the Department of War for money due the freighters Russell, Majors, and Wadell, the major firm freighting government supplies to New Mexico and Utah in the 1850s. Peirce & Bacon purchased a total of $260,000 worth of these drafts, what they believed to be "first class paper" backed by the "pledged faith and well known laws of the Government." The bankruptcy of the shipping firm threw the value of the paper into doubt. After submitting the drafts for payment and receiving no payments after eighteen months Peirce & Bacon appealed to Congress. This pamphlet sets forth their side of the case. Original printed wrappers detached. Old library stamp on front wrapper. Good.
Seller Inventory # 26652
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