Investigation Into the Causes of the Gold Panic. Report of the Majority of the Committee on Banking and Currency. March 1, 1870 - James A. Garfield

1870 - Government Printing Office, Washington - First Edition
House of Representatives, 41st Congress, second session, Report No. 31.

‘…on the 23rd of September the market had risen to 162; the Treasury decided to sell four millions of gold; and within fifteen minutes the price fell from 160 to 133. A conspiracy was alleged with government officials, including even President Grant, directly or indirectly engaged.’

Black Friday, September 24, 1869 was caused by two speculators’ efforts, Jay Gould and James Fisk, to corner the gold market on the New York Gold Exchange, with the alleged encouragement and the accused involvement of President Ulysses S. Grant.

This is the important and rare report and transcripts of the subsequent dramatic Congressional investigation, which was chaired by James A. Garfield. The investigation was alleged on the one hand to have been limited because Virginia Corbin and First Lady Julia Grant were not permitted to testify. Garfield's biographer, Alan Peskin, however, maintains the investigation was quite thorough. Garfield was chairman of the Committee on Banking and Currency at the time (later the twentieth U.S. President, but assassinated only four months into his term).

The investigation was set up to examine the following topics:
First. The Gold Exchange and the Gold Exchange Bank; their history, the character of their ordinary operations, and their relations to the gold panic of September. Second. The alleged conspiracy of September, to raise the price of gold; the persons engaged in it, and the instrumentalities made use of. Third. Whether any officers of the national government were directly or indirectly engaged in the alleged conspiracy.  
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Price HK$ 7,500



An Essay Upon Money and Coins - Joseph Harris

1757-58 - Sold by G. Hawkins at the Middle Temple Gate, London - First Edition
A finely bound first edition of ‘this influential 1757 work, considered by the Victorian economist J. R. McCulloch as 'one of the best and most valuable treatises on the subject of money that has ever seen the light', argues that it is vital to a country's economy that the value of precious metal in its coinage remains constant’ – Cambridge University Press.

‘One of the best eighteenth-century performances in the field of monetary analysis’. – Schumpeter,
History of Economic Analysis. 
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Price HK$ 13,000



Principles of Political Economy - John Stuart Mill

1848 - John W. Parker, London - First Edition
The brilliant John Stuart Mill's major work, a treatise that marked the culmination of classical economics, and was considered ‘the undisputed bible of economic doctrine’. One of the most widely read of all books on economics in the nineteenth century. As Adam Smith's Wealth of Nations had during an earlier period, Mill's text dominated economics teaching; In the case of Oxford University it was the standard text until 1919, when replaced by Alfred Marshall's theories.

‘To many generations of students, Mill’s
Principles was the undisputed bible of economic doctrine. They represented the final synthesis of classical theory and of refinements introduced by post-Ricardian writers. They were comprehensive, systematic, and, with few exceptions, they presented their theorems without pugnacity which strengthened the impression of assurance and unquestioned authority’ – Roll, History of Economic Thought. 
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Price HK$ 30,000



Glibson - George Tichenor

1933 - Farrar & Rinehart, New York - First Edition
Meet Mr. Glibson, a boomtime banker, who’s glided through depression and still lives high, wide and handsome......

This is the story of how he became the great Blabit of banking. The most withering portrayal of financial boobery in high places, savage, ruthless, funny, wise and courageous.


A kaleidoscopic view of many lives in the business turmoil leading up to and away from the crash of 1929. As Public Relations Counsel, later, banker, Glibson is successful because he stands for nothing and though he is unscrupulous and ambitious he is understandable and even likeable. The story is good reporting, good dialogue, sometimes honest and sometimes theatrical. Occasionally reminiscent of Dos Passos. A book for men, and may get a challenging sort of press. -
An early review. 
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Price HK$ 4,200