STATE-CONTROLLED BANKING SYSTEM PROPOSAL IN SWEDEN

Ueber die Banken. (Von einem schwedischen Fürsten). Deutsch von F. E. Feller ...

Leipzig, Goetz, 1843.

8vo, pp. viii, 36; title-page foxed, lower portion of the text block lightly waterstained, but a good copy, unbound as issued, with a paper spine; contemporary ink ownership inscription at the head of title, later blue pencil number denoting this pamphlet as number 13 in a miscellany.

£300

Approximately:
US $416€345

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Ueber die Banken. (Von einem schwedischen Fürsten). Deutsch von F. E. Feller ...

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First edition thus, scarce, of a treatise on banks, banking and money in Sweden in the crucial years from 1800 to 1842, probably a translation of Om banker; skrift meddelad i Conseljen den 15 augusti 1842, attributed to Karl XIV Johan by Linnström, Svenskt boklexikon. Humpert’s Bibliographie der Cameralwissenschaften attributes it to Oscar I.

‘For a few years, the Crown and the Parliament were in agreement about the creation of a largely State controlled banking system. At an 1842 cabinet meeting, the King presented a
memorandum concerning private banking. His vision was to replace the note issuing private banks with banks only partly privately owned and dependent on the Riksbank. These Riksbank branches would have a maximum of 50% private ownership and would operate with credits from the Riksbank. The obvious time for introducing this new system would be when the existing charters expired in 1847’ (A. Ögren, ‘The causes and consequences of banking regulation: the case of Sweden’, in Past, Present and Policy 4th International Conference, Geneva, 2011, p. 7).

Rare. No copies in the US, one in the UK (Senate House).

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