These institutions were founded ostensibly for philanthropic
purposes--to encourage and reward thrift on the part of society's
lower classes. For purposes of analysis, Olmstead formulates an
alternative hypothesis. Men organized mutuals for the same reason
that impelled their other business ventures--the hope of profit.
The author focuses on the internal operations of several banks and
the important role they played in financing antebellum
A UNC Press Enduring Edition -- UNC Press Enduring Editions use the
latest in digital technology to make available again books from our
distinguished backlist that were previously out of print. These
editions are published unaltered from the original, and are
presented in affordable paperback formats, bringing readers both
historical and cultural value.