Socialist’s Analysis of Specie in California

[Berkeley]: [University of California] 1946. Stapled pamphlet in tan wraps; 15pp. Reprinted essay from California Folklore Quarterly. Introduction by Robert Sproul (1891–1975), 1st system-wide president of the U.C. system. Written in the form of a question posed by Samuel T. Farquhar (1890–1949) and answered by Ira. B. Cross (1880–1977). Very good, fold mark to cover. Ira B. Cross was an early member of the Socialist party, well known as a labor economist, and Chair of the Department of Economics at U.C. Berkeley. He wrote this scarce article on the history of gold and silver in California and analyzes why specie survived as a form a payment longer in San Francisco than almost anywhere else: ​“In northern California gold and silver coins… continued to be the commonly accepted media of exchange until the time of the First World War.” pg. 10. Analyzes California legislation and the long-term impacts of the California Gold Rush. At the time of cataloguing, no other copies for sale.