Dear all,

In 1867, an anonymous pamphlet entitled "The Financial Lessons of 1866" 
was published in London by Smith, Elder and Co., dedicated to Lord 
Overstone and signed by "A City Manager". The pamphlet discusses at length 
some of the causes behind the financial panic of 1866, in particular the 
spread of unsound limited liability companies (especially in the railway 
business) in the wake of the Companies Act of 1862, and proposes a closer 
regulation of such entreprises as a remedy against financial instability. 
More specifically, the author suggests that all information presented in 
investment prospectuses should be proven through "proper legal evidence 
and documents" upon registration of the company. The pamphlet also 
mentions a couple of letters, dealing with the same subject, which were 
written by the author and published in The Economist on January 1866, 
under the pseudonym "Finance".

Would anyone happen to know who authored this pamphlet?

Thank you in advance,

Carlos Eduardo

--
Carlos Eduardo Suprinyak
Professor Adjunto, Departamento de Ciências Econômicas
Cedeplar/FACE/UFMG - Sala 3097
Av. Antônio Carlos, 6627
Belo Horizonte - MG
31270-901
Brasil
tel: (31) 3409-7218
fax: (31) 3409-7203
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