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PINTO, Isaac de.

An Essay on Circulation and Credit, in four Parts;

And a Letter on the Jealousy of Commerce. From the French of Monsieur de Pinto. Translated, with Annotations, by the Rev. S. Baggs, M.A.

Published: London: For J. Ridley, 1774

Stock code: 93386

Price: £2,250

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First edition in English of this “sound and ingenious” (McCulloch) work on revenue and stock exchange transactions. The main premise of Pinto’s argument is that the national debt, instead of being a burden, has been the principal source of the wealth and power of England. The work excited much controversy on publication: though purportedly translated into English by Rev. S. Baggs, it was in fact the work of Sir Philip Francis, who published it,with notes, in 1774. This English translation is scarce. Pinto (1715–1787) was born in Amsterdam. He was descended from a Portuguese family and lived for some time at Bordeaux. “He then settled in Holland, where he soon made a large fortune and an equally great reputation. The Stathouder William IV (1747–51) had a very high opinion of his advice, both on administration and finance. He was as tolerant as he was high-minded, and his benevolence won him popularity” (Palgrave).

Quarto (270 201 mm). Later half morocco and pebbled cloth, spine lettered gilt. Small circular library stamp of the National Liberal Club to title page and two other leaves, with their cancelled exlibris to front pastedown. Front joint spilt at foot, extremities somewhat rubbed. Closed tear to one leaf without loss, lower outer corner of first few leaves chipped; intermittent light spotting and the occasional stain. A very good copy.

Bibliography: Goldsmiths' 11184; Higgs 6069; Kress 7042.

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