The History and Principles of Banking - James William Gilbart 1834 - Longman, London - First Edition A nice clean copy of one of Gilbart’s influential and highly regarded works.

The writings of James William Gilbart, a succesful banker himself, have become classics of the profession’s literature and his name was permanently linked to banking education through the Gilbart Lectures at King’s College, London.

Divided into three sections:
The History of Banking; The Constitution of Banks; and The Principles of Banking.

This copy was once owned by Alexander Bankier Rodger [1895-1961] one of a group of well know History Professors at Balliol, Oxford [Fellow 1924-61]
  James William Gilbart’s [1794-1863] authority was born of practical banking experience. In 1813, aged 19, he had become a junior clerk in a London bank. The financial panic of 1825 influenced him deeply, instilling in him a determination to make the business of banking better-understood by all.

In 1833 Gilbart became general manager of the new London & Westminster Bank, London's first joint stock bank. In England, with the sole exception of the Bank of England, banks had traditionally been owned by just a handful of partners, with their financial well being dependent on the owners' private wealth. From the 1820s, however, joint stock banks - that is, banks owned by a large number of shareholders - began to appear. Gilbart became their champion and figurehead. As a pioneer of joint stock banking, Gilbart successfully negotiated the obstacles that arose from the Bank of England’s and the private banks’ continuing hostility to the new breed of banks. He gave evidence before various parliamentary committees, and played a key role in the formation of the Association of Joint-Stock Banks in 1838.

Gilbart's influence continued to grow, and in 1846 he was appointed a fellow of the Royal Society. A key theme in his writings was his belief that companies had not only rights but also responsibilities in society. These duties included being truthful, fair and reliable, as well as helping other companies in difficult times. He was, in effect, the country's first exponent of the idea of corporate responsibility in its broadest sense. He set down these ideas in 1846 in a pamphlet entitled
The Moral and Religious Duties of Public Companies.

Gilbart died in 1863. His lifetime had spanned a key phase in the development of British banking, and his influence, bringing together moral responsibility and business sense, was highly influential upon the direction taken by British banking in later generations.

References: ODNB. EB. Michie. RBS History. Kress 3729. Goldsmiths’ 28574. Masui 90.
pp. [8] 220.
  Condition: A very good coy, externally cracking t hinges, label rubbed, internally a nice clean copy with one or two pages showing light foxing.   Ref: 104669   Price: HK$ 7,000