Testimony Taken Before the Senate Committee on Banks and the Senate of the

Language: English

Published by Forgotten Books, 2024

1332230539 / 9781332230532

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Seller: Forgotten Books, London, United KingdomForgotten Books

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Print on Demand. This historical volume examines the corruption scandal that led to the removal of DeWitt C. Ellis, the Superintendent of the New York State Banking Department, in 1877. The author contends that Ellis neglected his duties as the banking industry's watchdog, allowing the Mechanics and Traders Savings Institution to operate for years despite being deeply insolvent. The book details the ensuing investigation, Ellis' defense of his actions, and the testimony presented by the institution's trustees who had uncovered its precarious financial state. The author delves into the broader context of this scandal, highlighting systemic issues within the banking industry and the broader economy, while also examining the role of government regulation. Ultimately, this book sheds light on the ongoing tension between protecting depositors' funds and fostering industry growth. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…

Seller Inventory # 9781332230532_0

Title
Testimony Taken Before the Senate Committee on Banks and the Senate of the
Author
De Witt C. Ellis
Publisher
Forgotten Books
Publication year
2024
Condition
New
Book Type
print-on-demand item
Binding
Paperback
Language
English
ISBN 10
1332230539
ISBN 13
9781332230532
Seller catalogs
General Administrative Records

Forgotten Books

London, United Kingdom

5-star seller

AbeBooks seller since June 2, 2021

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Store description

Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.

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FB &c Ltd

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London, United Kingdom SW19 2RR