The story of Richard Whitney (1888-1974) is now infamous. President of the New York Stock Exchange, the man who boldly bid up U.S. Steel on Black Thursday, heralded for saving the market, who later defied the Senate's banking committee, and was in 1938 sentenced to between five and ten years in Sing Sing prison for embezzlement.

This pamphlet is from a series of addresses Whitney gave to various business associations whilst president of the New York Stock Exchange in the 1930s. Their purpose was to defend the old practices, including short selling, and to exculpate the New York Stock Exchange from any criticism for the crash. Here Whitney extolls the virtues of 'Economic Freedom' in a speech given at a dinner for the Chicago Association of Stock Exchange Firms on 10th December 1934.

Pamphlet; 8vo (22x 14.5 cm); loose slip 'Compliments of Mr Richard Whitney, President, New York Stock Exchange'; original printed wrappers, removed from a larger binding, with resultant holes and residue to spine edge; 19, [1]pp.