DEVASTATING REVIEWS
To continue our compilation of "Devastating Reviews" of
numismatic books (as initiated by Tom Fort), your editor
found this review in his "research archives" (i.e. "pile of
unsorted miscellaneous stuff he could never bring himself
to throw away..."
The February, 1986 issue of Bank Note Reporter
contained a review by Dr. Douglas Ball of "Graybacks
and Gold: Confederate Monetary Policy" by James F.
Morgan, Perdido Bay Press, Pensacola, FL. 1985:
Headlined "Book on Confederate Money Has Serious
Flaws", the review began: "Having written my own
doctoral thesis on the theoretical and policy making
aspects of Confederate finance, I was looking forward
to reading this work. But having done so, I must
regretfully report that it is so seriously flawed as to
render it practically useless, if not positively misleading.
For starters, the book title itself is both erroneous and
misleading. The Confederate currency was popularly
known as "blue backs," not "graybacks." Indeed, the
term "graybacks" was a term used by both armies for
the ever-present scourge of lice."
Dr. Ball enumerates several flaws. One example:
"he declares that Secretary Memminger was an
enthusiastic advocate of fiat paper money and an
enemy of coin and coinage. Memminger, as a
matter of well-known record, was the hardest of
hard money Jacksonian Democrats."
"I can understand how this thesis might have got
by the student. What puzzles me is how it got
past a faculty advisor, two other readers, and then
the Perdido Press.
Perhaps as some of the faculty members suggested
during my recent visit to the University of Oklahoma
campus, it is time that Oklahoma devoted the same
energy and money to the University's academic
programs that they do to its athletic ones."
Wayne Homren, Editor
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