1840 · Boston
by Degrand, P.P.F.
Boston: Dutton & Wentworth, 1840. Original printed salmon-colored wrappers [dusting, spine and some extremity chipping] with wrapper title [as issued], stitched. 39, [1 blank] pp. Very Good.
Degrand, one of the earliest promoters of a transcontinental railroad, argues that a low freight rate "creates great quantities of Goods to be carried, and thereby becomes the most profitable; that great masses of Passengers are created by the Low Fare; and that a Rise of Fare has invariably diminished the Net Income, and a reduction of Fare has invariably increased it." Degrand, a pioneering supply-sider, proves his point with a formidable array of facts and figures.
FIRST EDITION. Thomson 2414. AI 40-1945 [5]. (Inventory #: 19283)
Degrand, one of the earliest promoters of a transcontinental railroad, argues that a low freight rate "creates great quantities of Goods to be carried, and thereby becomes the most profitable; that great masses of Passengers are created by the Low Fare; and that a Rise of Fare has invariably diminished the Net Income, and a reduction of Fare has invariably increased it." Degrand, a pioneering supply-sider, proves his point with a formidable array of facts and figures.
FIRST EDITION. Thomson 2414. AI 40-1945 [5]. (Inventory #: 19283)