Lot 50 of 419:
Gold Rush letter from W.T. Sherman 1857  

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Lot closed - Sold For (Includes Buyers Premium):$1,200
Estimate:
$1,500 - $2,000

Title:
Autograph Letter signed by William T. Sherman, to a Mr. Shaw, on letterhead of the Banking House of Lucas, Turner & Co.

Author:
Sherman, William Tecumseh

Place:
San Francisco

Publisher:

Date:
March 2, 1857

Description:
3 pages on 4-page lettersheet, docketed on 4th page. 7¾x5. William T. Sherman, "Gold Rush Banker" in San Francisco during a brief hiatus from his military career, writes concerning an economic slump and the threat of massive defaults on debt, demonstrating once again that so far as financial cycles are concerned, there is little new in the world. "In looking over the files of Banking Magazines in the office, I find some of the statistical information asked for by you... You will find in one of the numbers the aggregate debt of each state and of the chief cities... It is to the interest of every man in California that debts already contracted should be acknowledged on demand as soon as possible. Certainty in money contracts is an element of great importance and all I hope for is that some positive definite plan be adopted this session for all floating debts, & then stringent provisions be made against any future debts..."

Lot Amendments

Condition:
Fine condition.


 
Item number:
195547
Shipping info:
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