Reviewed by E. L. Pearson
Review 3:229 S 15 ’20 80w Sat R 129:565 Je 19 ’20 700w
“The thoughtful reader will not, of course, forget that there is another side to the question.”
+ − The Times [London] Lit Sup p286 My 6 ’20 280w
MCCALEB, WALTER FLAVIUS. Present and past banking in Mexico. *$2 (3c) Harper 332.15
20–4614
On the ground that the degree of banking development of a country measures the degree of civilization, comfort, and economic development, the book attempts “to trace the history of the credit institutions of the country from their initial stages down to the present time. Effort has been made to stress the salient facts in the extraordinary story of the rise and fall of banking in our neighboring republic.” (Preface) The book is published under the auspices of the Doheny foundation and a partial list of the contents is: Early stages of banking and finance; Through the crisis of 1884; Origin of the Banco nacional; High tide of bank concessions; General law for institutions of credit; The transition period; Adoption of the gold standard; Eve of the Madero revolution; Huerta and the banks; Regime of the Constitucionalistas. There is a bibliography and an index.
“Dr McCaleb has succeeded in furnishing the only comprehensive account of banking developments in Mexico. It is not easy for American readers to understand the statements of Mexican banks because of the differences in the terminology used, which grow largely out of differences in banking practice. Dr McCaleb has done much to make understandable the statements which he cites.” A. N. Young
+ Am Econ R 10:844 D ’20 940w + Booklist 16:330 Jl ’20 Cleveland p75 Ag ’20 30w R of Rs 62:448 O ’20 50w