The Federal Reserve System Its Origin and Growth ... in Two Volumes
New York: The Macmillan Company 1930. First Edition. Vol 1: xix, 853 pages. Vol 2: viii, 899 pages. 7 1/4 x 10 1/4 inches. Publisher's cloth. An ex-library set, with bookplates, spine lettering and glazing, rear pockets, bindings scuffed, and occasional embossed stamps throughout. Sound and generally clean. Properly discarded. Good. Cloth. [27926]
Paul M. Warburg was a member of Kuhn, Loeb, & Co., of New York, who was a member of the Federal Reserve Board from 1914-1918.
“Warburg became known as a persuasive advocate of central banking in America. Many of his contemporaries regarded him as the chief driving force behind the establishment of America's central bank. Russell Leffingwell, who served variously as the Assistant Secretary of the Treasury, head of the Council on Foreign Relations, and chairman of J.P. Morgan, credited Warburg with doing "yeoman's service in preaching the doctrines and practices of modern [central] European banking" while all other "friends of sound money" were so occupied with battling against the free silver movement that they gave scant thought to the need for currency reform. Harold Kellock of The Century Magazine, characterized Warburg as "the mildest-mannered man that ever personally conducted a revolution". This shy and sensitive man, Kellock continued, "imposed his idea on a nation of a hundred million people".” (wikipedia)
Larson, A Guide to Business History #1909. The Economic Library of Jacob H. Hollander #3749.
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