SMITH (Matthew Hale).
Bulls and Bears of New York, With the Crisis of 1873, and the Cause.
Hale wrote two works in close succession, with the second updated after the 1873 crash. Of the later work Larson writes: “One of a large number of books written about Wall Street in the 1870s. Deals with work of Wall Street, language of the stock market, famous stock operators, brokers, bankers, banks and ethics of the market. Draws suggestive contrasts between business leadership and finance under mercantile capitalism and in the change to industrial capitalism. Interesting chapter on financial journalism. As a contemporary work it is especially valuable in its anecdotes and its judgements of men and methods; its emphasis on the sensational and moralizing tone, however distort the general picture.” (quoted in Dennistoun).
Dennistoun, Bubbles, Booms and Busts, 83.