REFLECTIONS ON THE PRESENT SYSTEM OF BANKING, IN THE CITY OF PHILADELPHIA. WITH A PLAN TO REVIVE CONFIDENCE, TRADE, AND COMMERCE, AND TO FACILITATE THE RESUMPTION OF SPECIE PAYMENTS. BY M. CAREY.

Philadelphia: Published by the Author, Jan. 30, 1817. 30pp. Disbound, title and last leaf moderately foxed. Contemporary ink number '5' touches a few letters in the title. Good to Good+.

Several printings issued in this year-- American Imprints lists this January 30, 1817, printing with 28 pages, suggesting some bibliographical confusion.
Bemoaning "the morbid state of manufactures, trade, commerce, and industry," Carey criticizes the Banks, which could, in his view, "in one week restore credit and confidence-- rescue numbers from impending ruin." Carey's pamphlet-- addressed to the mass of the American people who, in their hearts, are "a nation of politicians" with little knowledge of Banking-- denounces Banks for their "single eye directed to large dividends" instead of acting in the public interest; for their "immoderate and abrupt loans," their "abrupt and precipitate curtailments of discounts" followed by "immoderate extensions;" and for a variety of other mismanagements which he describes in detail.
111 Eberstadt 504. Kress B6885 [another edition]. AI 40400 [2], 40401 [1]. Item #29446

Price: $250.00

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