Book #54438
Memorial of the Chamber of Commerce of the City of Philadelphia. Robert. Bankruptcy Ralston.

Memorial of the Chamber of Commerce of the City of Philadelphia...

Philadelphia Businessmen Petition Congress for A Bankruptcy Law During the Panic of 1823-24 [Ralston, Robert (1761-1836)]. Memorial of the Chamber of Commerce of the City of Philadelphia, Praying for a General System of Bankruptcy. January 5, 1824. Read, And Ordered to Lie Upon the Table. Washington: Printed by Gales & Seaton, 1824. 4 pp. Octavo (8" x 5"). Disbound pamphlet, light shelfwear and dampspotting. $50. * This was presented to the House of Representatives, 18th Congress, First Session. The first Federal bankruptcy act was enacted in 1800. Never a popular law, it was repealed in 1803. Claiming this would retard economic development, members of the business community campaigned to restore that law or enact a similar one whenever possible, especially when the economy was bad. The Panic of 1823 was one of these times, and it brought forth a flood of petitions such as this one. In the end the United States would not enact another bankruptcy law until 1841. OCLC locates 2 copies, one at the American Antiquarian Society, another at the Hagley Museum and Library. Shaw and Shoemaker, American Bibliography 18867.

Price: $50.00

Book number 54438

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