"In that [first] edition [of this Book] also I investigated the Theory of Accommodation Paper, which has produced so many calamities, but which has been so much misunderstood. I explained wherein the true danger of Accommodation Paper consists. In 1861 the failure of Lawrence, Mortimer, and Schroder, popularly known as the great leather fraud case, took place. In his... judgment in the case, Mr. Commissioner Holroyd quoted the explanation given in this Work at great length, thereby giving the sanction of his high authority to its correctness."
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Theory and Practice of Banking
Theory and Practice of Banking, Volumes 1 & 2, by Scottish economist and historian , was published 1855-1856 by Longman, Brown, Green and Longmans, London. Quotes below, unless otherwise noted, are from the fourth edition, London, Green, Reader and Dyer, London.
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