PECORA, Ferdinand.

Wall Street under Oath:

the Story of our modern Money Changers.

New York: Simon and Schuster, 1939 Stock Code: 143991
£1,750.00
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A major influence on post-Crash Wall Street reform

First edition, first printing, of Pecora's account of his role as chief counsel in the Senate hearings on the role of Wall Street in the 1929 Crash.

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".

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Description

Octavo. Original blue cloth, spine and front cover lettered and ruled in gilt, top edge red, yellow endpapers.

Illustrations

Title page printed in blue and black.

Condition

Spine dulled with lettering faded, light peripheral rubbing. A very good copy.

Bibliography

Larson 1630.

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