Wall Street Under Oath

Wall Street Under Oath. Ferdinand Pecora.
Wall Street Under Oath
Wall Street Under Oath
Wall Street Under Oath

New York: Simon and Schuster, 1939. First edition. Octavo. Original blue cloth, spine and front board lettered and ruled in gilt, top edge red, yellow endpapers. With the dust jacket. Spine very slightly slanted, fore edge of book block faintly spotted, overall a near-fine copy in the well-preserved jacket, tanned and occasionally scuffed, extremities chipped, with one short closed tear to bottom edge of rear panel. Title page printed in blue and black. First edition, first printing.

American lawyer Ferdinand Pecora (1882-1971) served as chief counsel to the Banking and Currency Committee; his importance for the committee's work investigating banking and securities fraud was such that the hearings held between February 1933 and June 1934 became known as the 'Pecora Wall Street Investigation'. "The investigation led to the resignation of the president of National City Bank in New York; revealed that J. P. Morgan, Jr., had paid no income taxes in 1930-31; and caused Chase Manhattan Bank to separate its banking and securities activities" (Pedersen, The FDR Years, p. 206). Pecora's findings also contributed to several acts, including the Glass-Steagall Banking Act (1933), the Securities Act (1933), the Securities and Exchange Act (1934), and the Public Utility Holding Act (1935). Larson calls it "an influential book but not always objective in its presentation of the case or in its judgments." Larson 1630.
Near Fine in Very Good + dust jacket. (Item #3044)

Price: $9,500