BONNET, Victor.

WALKER, George, translator. The example of France. Two essays on the payment of the indemnity, and the management of the currency since the German War, 1870-’74 … Translated from the Revue des deux mondes … New York, D. Appleton and Company, 1875.

8vo, pp. 64; a very good copy in the original green printed wrappers, 3 pp. of advertisements; spine chipped, inkstamp and pencil notes to wrappers.

£150

Approximately:
US $203 €172

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WALKER, George, translator. The example of France. Two essays on the payment of the indemnity, and the management of the currency since the German War, 1870-’74 … Translated from the Revue des deux mondes …

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First edition in English. In the first of these two essays, which appeared in the Revue des deux mondes in 1873, Bonnet provided an account of how France was successfully paying the enormous sum demanded from the Prussians at the end of the Franco-Prussian War: 5,000,000,000 francs. The second essay concerns the Bank of France and their policy of matching specie payments with paper money during the War. It was the hope of the translator, George Walker, that the French example could be instructive to those managing the finances of the United States, reflecting the ‘present heated state of the policy discussion’ regarding currency, a decade after the end of the Civil War: in early 1875 the gold standard had been restored and the ‘greenbacks’ redeemed, a step towards a greater degree of centralized banking.

'Business Strategist and Monetary Heretic' (V. Barnett)

STOLL, Oswald.

The People’s Credit.

First edition. Sir Oswald Stoll, the Australian-born British theatre impresario and manager whose holdings at one time included the Hackney Empire and the London Coliseum, was a philanthropist as well as a businessman. Committed to the help of servicemen returning from the First World War, disabled after active service, Stoll set up what was originally called the War Seal Foundation in 1917, funded by the sale of selling ‘war seal’, a stamp used to seal letters. The success of the war seal sale led eventually to the creation, in Fulham, London, of the War Seal Mansions, around 140 apartments for seriously wounded ex-servicemen and their families, provided with a medical centre, a chemist, a workshop and a gymnasium. This development earned Stoll his knighthood, and was renamed in his honour as the Sir Oswald Stoll Foundation Stoll. Stoll’s books on economics and finance were seen as heretical by contemporaries. They, and particularly The People’s Credit, nevertheless championed an understanding of the public, rather than the banks, as the stakeholders who should be in control of financial transactions, and the beneficiaries of the deriving profits.

Bernard Quaritch Ltd

Rare books & manuscripts since 1847

BONNET, Victor.

WALKER, George, translator. The example of France. Two essays on the payment of the indemnity, and the management of the currency since the German War, 1870-’74 … Translated from the Revue des deux mondes … New York, D. Appleton and Company, 1875.