Lot 55 of 457:
Future Cal. governor argues against paper money  

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Title:
The Currency Question. In the Supreme Court of the State of California. James Lick, appellant, vs. William Faulkner, et al., respondents. Argument for appellant, by H.H. Haight, of Counsel
Author:
Haight, Henry Huntly
Place:
San Francisco
Publisher:
B.F. Sterett, Printer
Date:
1864
Description:

101 pp. 22.5x14.7 (9x5¾"), original printed wrappers.

Legal argument by a future governor of California in an important case relating to the paper currency issued during the Civil War, which could be used in place of gold. The case revolves arounnd $450 for rent of a store building, owed by William Faulkner to James Lick, which he paid in greenbacks. Lick refused to accept the payment, and in the subsequent legal proceedings the constitutionality of the Legal Tender Act was brought into question. The California Supreme Court upheld the Act, and greenbacks, then worth about 60 cents on the dollar in San Francisco, could legally be used in place of gold coins. This was one of the earliest court decisions in the U.S. on the parity of paper money and gold coins.

Lot Amendments
Condition:
Some foxing and soiling to wrappers, the whole with mild vertical crease, a bit of extremity wear; ownership inscription on rear wrapper; very good.
 
Item number:
310593
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