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2020-05-19 14:41:02
EVANS, David Morier.
The History of the Commercial Crisis, 1857-1858, and the stock exchange panic of 1859.
London: Groombridge and Sons, 1859. London: Groombridge and Sons,, 1859. Octavo (214 x 134 mm). Contemporary marbled boards, rebacked and recornered to style in dark blue calf, red morocco spine label, compartments ruled and tooled in gilt and blind, raised bands, marbled endpapers and edges. First and last few leaves foxed, else the contents crisp and clean with just the occasional spot. A very good copy. First edition of the Welsh financial journalist David Morier Evans's (1818-1874) study of the then-recent economic crash, published a decade following his previous book on the 1847-48 crash. Evans "treated economic subjects from a journalistic point of view, aiming rather at giving an accurate narrative of the successive phases of economic crises and the like than at tracing their hidden causes" (Palgrave, I, p. 756). Very readable, the study is nonetheless detailed, with various tables and figures, and an extensive appendix. "Chiefly descriptive of crisis in England. Section 5 deals with the American crisis of 1857 and its results. Considers that panics arise from abstraction of gold from Bank of England, contraction of credit capital, and combined results of contraction of of credit capital and scarcity of bullion in bank vaults. Appendix lists suspensions in the United States and Great-Britain, 1849-58, with brief statements about some bankrupts. Especially valuable as background for American business troubles of the time." (Larson). Larson 4516.
Bookseller: Peter Harrington. ABA/ ILAB. [London, United Kingdom]

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