FOR EACH, THE STRENGTH OF ALL A History of Banking in the State of New York.
Language: English
Published by New York Univ. Press, 1995
- First Edition
- Hardcover
- Used
Seller: Austin Book Shop LLC, Richmond Hill, NY, U.S.A.Austin Book Shop LLC
AbeBooks seller since October 20, 1999
Condition: Used - Very good
£ 25.30
Quantity: 1 available
Add to basketItem description from seller
309pp Appendix, Notes, Bibliography and Index. Illus. with b/w and color photos. Meticulously researched. The history of commercial banking goes back to the days of Alexander Hamilton, first Treasury Secretary, who brought about the practice of 'discounting' notes of storekeepers. Also, the founding of the New York State Bankers Association. (loc 997/1) Size: 10-1/4 x 7-1/4.
Seller Inventory # 26122
- Title
- FOR EACH, THE STRENGTH OF ALL A History of Banking in the State of New York.
- Author
- Hubbard, J. T. W.
- Publisher
- New York Univ. Press
- Publication year
- 1995
- Condition
- Very Good
- Dust jacket
- Very Good
- Binding
- Hard Cover
- Language
- English
- ISBN 10
- 0814735142
- ISBN 13
- 9780814735145
- Edition
- First Edition.
- Seller catalogs
- Business & Economics, New York
Banking establishments, declared Thomas Jefferson back in 1799, are more dangerous than standing armies. Such armies are no longer cause for serious alarm. But commercial banking institutions, while justly applauded as the prime architects of America's economic success, are still assailed today—most recently by victims of the savings and loan debacle—as little better than the freakish hydra-headed monstrosities of yesteryear.
This lively, well-researched, and handsomely produced book, highlights the achievements of commercial banks, in the process distinguishing them from their more flamboyant competitors. In many ways the history of commercial banking in the state of New York constitutes the history of commercial banking for the entire nation. Under the guidance of the formidable but shadowy coalition of talent known as The Albany Regency, New York pioneered such innovations as the insurance of paper currency, so-called free chartering of banks by any qualified group of citizens, a crude form of deposit insurance, and an ingenious central clearing house whose collective strength enabled the state, and ultimately the nation, to weather many of the world's most severe financial crises.
Published to coincide with the Centennial of the New York State Bankers Association, For Each, the Strength of All not only delineates the great achievements and the great financial disasters of the last two centuries, but brings to life the colorful and often quirky men who made the key decisions at pivotal moments in the financial life of the nation. It throws new light on the celebrated duel between Hamilton and Burr (a fix that may have gone awry), the covert financing of the North in the Civil War years, and the negotiations (so secret that participants travelled under assumed names) that helped produce the Federal Reserve Act of 1913.
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Austin Book Shop LLC
Richmond Hill, NY, U.S.A.
AbeBooks seller since October 20, 1999
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The Austin Book Shop LLC, established in 1954, specializes in old, rare and out-of-print books. Our inventory of 35,000 books contains many first editions. Our collection of out-of-print Baseball books is one of the largest in the USA. Our store is located at 104-29 Jamaica Avenue, Richmond Hill, NY. (Queens, New York City) Nearest subway stop is the J train 104th Street station. Also accessible by other subway and bus lines. Store hours are Saturday and Sunday 10 AM to 4 PM. Other times are by appointment. You may call us from within New York City at 1-718-441-1199, otherwise, call 1-800-676-4556. Our e-mail address is: bookbums@aol.com.…
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