19C Anglo Indian Vizagapatam Expandable and Foldable Book Rack. Another EXTREMELY RARE piece from our…
The Book of Daniel Drew by White 1910.
PRESENTING A VERY RARE FIRST EDITION hardback copy of The Book of Daniel Drew by Bouck White, published by George H. Doran Company, New York, Copyright 1910.
This RARE book is in very good condition….some very minor fraying to the paper edges, some discoloration to the green cloth cover, but otherwise very good for it’s age.
This book was part of the extensive private collection of the Calvert Hall/Obenchain/Godwin/McMillan Collection formerly of Bowling Green, KY and later, Highland Park, Texas.
AS you can see from the history of this Collection (see our PDF) the family have very strong ancestral ties to the States of Virginia, Kentucky and Texas.
Thomas Obenchain was a stockbroker of repute in Dallas, Texas in the 1920’s..
While at Holy Trinity, White worked on several books. The Book of Daniel Drew (1910) was “A Study in the Psychology of Wall Street. A fascinating story of the mental evasions and feats of ethical juggling of one hopelessly caught in the system.” The 1937 movie, “The Toast of New York” starring Cary Grant, Edward Arnold, and Frances Farmer was based on this book and is currently available on DVD. The Call of the Carpenter (1911), which portrayed Jesus of Nazareth as a workingman, agitator, and social revolutionist, went too far and caused his dismissal from Holy Trinity. White formed his own church, “The Church of the Social Revolution,” and Eugene V. Debs observed that White was “the only Christian minister” in New York. In The Carpenter and the Rich Man (1914) “Bouck White shows in vivid and absorbing fashion Jesus as the leader of the great proletarian surge of his time. The immorality of being rich when other people are poor, is the keynote of this book, and the author bases it on the message of the Carpenter as found in the parables.”
Daniel Drew (July 29, 1797 – September 18, 1879) was an American businessman, steamship and railroad developer, and financier. Summarizing his life, Henry Clews wrote: “Of all the great operators of Wall Street … Daniel Drew furnishes the most remarkable instance of immense and long-continued success, followed by utter failure and hopeless bankruptcy”.
Daniel Drew left a controversial legacy behind. At the zenith of his career as a financier, when his personal fortune was estimated at $13 million and he was respectfully called “Uncle Daniel” on Wall Street, he was treated with admiration. After his fortunes changed, he was vilified by newspapers, which wrote that Drew “has been one of the curses of the market for years past. If he has now received such a blow as will result in his being driven from the Street altogether, no one will be sorry for him,” and “he holds the honest people of the world to be a pack of fools.”:399
A devout Methodist, Drew built churches in Port Jervis, New York, Carmel, and Brewster, New York. He also contributed to the founding of Drew Theological Seminary in Madison, New Jersey, which is now part of Drew University, and Drew Seminary for Young Ladies in his home town of Carmel.
Drew Street, in eastern Baltimore, Maryland, is reportedly named after him due to Drew’s involvement as an investor in the Baltimore Canton Company, which owned and developed much of the area through the early 1900s.
Drew is popularly credited with introducing what would be called “watered stock” to the Wall Street, to describe company shares that were issued by false means including counterfeit stock certificates and unauthorized stock release, resulting in a dilution of ownership. The term came from his time in the livestockbusiness, when he would have his cattle lick salt and drink water before selling them, to increase their weight.:44–54 The watered stock tactic was used in the Erie War of the 1860s, when Drew along with James Fisk and Jay Gould blocked arch rival Cornelius Vanderbilt from getting ownership of the Erie Railroad.
The Book of Daniel Drew by White 1910.
Provenance: Part of the Calvert Hall/Obenchain/Godwin/McMillan Collection.
Dimensions: 7.75″ x 5.5″
Condition: Very Good ORIGINAL CONDITION. No dust jacket.
The Book of Daniel Drew by White 1910