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 development. 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.

Book Information
ISBN 9780807897430
Author Alan L. Olmstead
Format Paperback
Page Count 250
Imprint The University of North Carolina Press
Publisher The University of North Carolina Press