Copy of Fedralist Papers For Auction - only $100k!

What fun to find this gem among the nasty news of late. Someone give this man 100 grand!

By RICK CALLAHAN, Associated Press Writer Rick Callahan, Associated Press Writer – Mon Jun 15, 3:13 am ET
INDIANAPOLIS – A rare leather-bound book that played an influential role in America's early history could bring a windfall for a soldier training for his second tour in Iraq.

Indiana National Guard Capt. Nathan Harlan was a high school junior when he paid $7 for a 1788 first edition of volume one of "The Federalist" — a two-volume book of essays calling for the ratification of the U.S. Constitution.

Harlan, a 35-year-old from Granger, Ind., said he always thought his find might be worth about $500, not the thousands it could fetch when it's sold online Tuesday by Heritage Auction Galleries of Dallas.

"I'm really hoping it goes for $100,000, but I'm not holding my breath," he said, chuckling.

The divorced father of three was 16 when he bought the 227-page book in 1990 after his mother spotted it among book stacks as they browsed at a South Bend, Ind., flea market.

Harlan's high school history class happened to be discussing "The Federalist" — also known as "The Federalist Papers" — that same week, so he knew the book was special.

The two-volume set was published months after the Constitution was drafted in September 1787 in Philadelphia. Its collected essays helped rally support for ratifying the document that provided the federal government's framework, said Mark Dimunation, chief of the rare book and special collections division at The Library of Congress.

The essays were penned by James Madison, Alexander Hamilton and John Jay, all of whom used the same pseudonym to focus attention on their pro-ratification arguments.

"It's one of the great political documents to come out of America," Dimunation said. "And the favorite parlor game of the late 18th century was who wrote which essay."

After displaying his find in a shadowbox for 19 years, Harlan decided in April to sell it on eBay in part to make some money but also because no one else in his family appreciated the book.

Harlan did an Internet search for "The Federalist" just before listing the book on the online auction site. He changed his mind about eBay when he saw that Heritage Auction Galleries sold a complete two-volume set last year for $262,900 — a lofty price aided by the fact that it was in its original form and had been owned by a Revolutionary War soldier.

Harlan owns just a single volume, and its leather cover has been replaced, but the auction house estimates it will sell for $8,000 to $12,000. James Gannon, Heritage's director of rare books, calls that range "very conservative" and says bidding could push the final price between $20,000 and $30,000 because the book is sought-after.

Harlan will get all the proceeds. Heritage is waiving its standard 20 percent seller's commission in recognition of his upcoming service in Iraq. He plans to save most of his auction earnings after paying a few bills.

Harlan, who is currently training at Indiana's Camp Atterbury, will likely be overseas by the time he gets his money. He will deploy this summer with the rest of the 140-soldier 38th Combat Aviation Brigade for up to a year.

Nick Aretakis, an associate with William Reese Co., an antiquarian book dealer in New Haven, Conn., said the book could be especially appealing to a collector who owns only the second volume and wants the other half.

"It's always better to have the complete set," Aretakis said. "But it's such an important book that even having just a single volume is a nice thing. And it was a good buy at $7."

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On the Net:

Heritage Auction Galleries: http://www.HA.com/6025-30001

What the hell is going on with Netanyahu anyway?

I found out earlier today that Margaret Thatcher is in failing health and her mental faculties are rapidly deteriorating. The Labor party and Euro liberals are ready to dance on her grave. Now This. Statesmen are dead and compromise is the language of politicians that cannot pursue courage on an idiosyncratic level let alone a purely academic one especially with a group of illiterate terrorists hellbent on dominating Jerusalem and obliterating Israel. Is he serious? Does anyone remember someone in the not too distant past saying 'peace in our time' and Hitler raping Eurpoe shortly thereafter? Are we actually thinking slicing up more of Israel is going to solve something? Anything? They refuse compromise. Why don't we?
WHY DON'T YOU, MR. NETANYAHU?

By JOSEF FEDERMAN, Associated Press Writer Josef Federman, Associated Press Writer – 1 hr 51 mins ago
JERUSALEM – Israeli Prime Minister Benjamin Netanyahu endorsed a Palestinian state beside Israel for the first time on Sunday, reversing himself under U.S. pressure but attaching conditions such as having no army that the Palestinians swiftly rejected.

A week after President Barack Obama's address to the Muslim world, Netanyahu said the Palestinian state would also have to recognize Israel as the Jewish state — essentially saying Palestinian refugees must give up the goal of returning to Israel.

With those conditions, he said, he could accept "a demilitarized Palestinian state alongside the Jewish state."

The West Bank-based Palestinian government dismissed the proposal.

"Netanyahu's speech closed the door to permanent status negotiations," senior Palestinian official Saeb Erekat said. "We ask the world not to be fooled by his use of the term Palestinian state because he qualified it. He declared Jerusalem the capital of Israel, said refugees would not be negotiated and that settlements would remain."

Netanyahu, in an address seen as his response to Obama, refused to heed the U.S. call for an immediate freeze of construction on lands Palestinians claim for their future state. He also said the holy city of Jerusalem must remain under Israeli sovereignty.

The White House said Obama welcomed the speech as an "important step forward."

Netanyahu's address was a dramatic transformation for a man who was raised on a fiercely nationalistic ideology and has spent a two-decade political career criticizing peace efforts.

"I call on you, our Palestinian neighbors, and to the leadership of the Palestinian Authority: Let us begin peace negotiations immediately, without preconditions," he said, calling on the wider Arab world to work with him. "Let's make peace. I am willing to meet with you any time any place — in Damascus, Riyadh, Beirut and in Jerusalem."

Since assuming office in March, Netanyahu has been caught between American demands to begin peace talks with the Palestinians and the constraints of a hardline coalition. On Sunday, he appeared to favor Israel's all-important relationship with the U.S. at the risk of destabilizing his government.

But his call for establishing a Palestinian state was greeted with lukewarm applause among the audience at Bar-Ilan University, known as a bastion of the Israeli right-wing establishment.

As Netanyahu spoke, two small groups of protesters demonstrated at the university's entrance.

Several dozen hard-liners held up posters showing Obama wearing an Arab headdress and shouted slogans against giving up West Bank territory. Across from them, a few dozen dovish Israelis and foreign backers chanted slogans including "two states for two peoples" and "stop the occupation."

Police kept the two groups apart.

The Palestinians demand all of the West Bank as part of a future state, with east Jerusalem as their capital. Israel captured both areas in the 1967 Mideast war.

Netanyahu, leader of the hardline Likud Party, has always resisted withdrawing from these lands, for both security and ideological reasons. In his speech, he repeatedly made references to Judaism's connection to the biblical Land of Israel.

"Our right to form our sovereign state here in the land of Israel stems from one simple fact. The Land of Israel is the birthplace of the Jewish people," he said.

But Netanyahu also said that Israel must recognize that millions of Palestinians live in the West Bank, and continued control over these people is undesirable. "In my vision, there are two free peoples living side by side each with each other, each with its own flag and national anthem," he said.

Netanyahu has said he fears the West Bank could follow the path of the Gaza Strip — which the Palestinians also claim for their future state. Israel withdrew from Gaza in 2005, and Hamas militants now control the area, often firing rockets into southern Israel.

"In any peace agreement, the territory under Palestinian control must be disarmed, with solid security guarantees for Israel," he said.

"If we get this guarantee for demilitarization and necessary security arrangements for Israel, and if the Palestinians recognize Israel as the state of the Jewish people, we will be willing in a real peace agreement to reach a solution of a demilitarized Palestinian state alongside the Jewish state," he said.

Netanyahu became the latest in a series of Israeli hard-liners to soften their positions after assuming office. Earlier this decade, then-Prime Minister Ariel Sharon led Israel out of Gaza before suffering a debilitating stroke. His successor, Ehud Olmert, spoke eloquently of the need to withdraw from the West Bank, though a corruption scandal a disastrous war in Lebanon prevented him from carrying out that vision.

Netanyahu gave no indication as to how much captured land he would be willing to relinquish. However, he ruled out a division of Jerusalem, saying, "Israel's capital will remain united."

Netanyahu also made no mention of uprooting Jewish settlements in the West Bank. Nearly 300,000 Israelis live in the West Bank, in addition to 180,000 Israelis living in Jewish neighborhoods built in east Jerusalem. He also said that existing settlements should be allowed to grow — a position opposed by the U.S.

"We have no intention to build new settlements or expropriate land for expanding existing settlements. But there is a need to allow residents to lead a normal life. Settlers are not the enemy of the nation and are not the enemy of peace — they are our brothers and sisters," he said.

Netanyahu also said the Palestinians must recognize Israel as a Jewish state. The Palestinians have refused to do so, fearing it would amount to giving up the rights of millions of refugees and their descendants and discriminate against Israel's own Arab minority.

Although the Palestinians have agreed to demilitarization under past peace proposals, Erekat rejected it, saying it would cement Israeli rule over them.

Nabil Abu Rdeneh, another Palestinian official, called on the U.S. to challenge Netanyahu "to prevent more deterioration in the region."

"What he has said today is not enough to start a serious peace process," he added.

In Gaza, Hamas spokesman Sami Abu Zuhri called the speech "racist" and called on Arab nations "form stronger opposition" toward Israel. Hamas ideology does not recognize a Jewish state in an Islamic Middle East and the group has sent dozens of suicide bombers into Israel.

Netanyahu also came under criticism from within his own government — a coalition of religious and nationalistic parties that oppose Palestinian independence.

Zevulun Orlev, a member of the Jewish Home Party, which represents Jewish settlers and other hard-liners, said Netanyahu's speech violated agreements struck when the government was formed. "I think the coalition needs to hold a serious discussion to see where this is headed," he told Israel Radio.