Frontmatter -- Editor's Introduction -- Acknowledgments -- Contents -- Introduction -- I. The Role of the International Banker -- Part One. The Historical Narrative -- II. Growth and Expansion -- III. New Strategies -- IV. Specializing in Finance -- V. The Mature Firm -- Part Two. The Functional...

This paper focuses on the activities of the Seligman investment banking firm during an intense six-week period following the outbreak of the panic of 1873 in New York City. Because of their conservative business strategies, the partners did not experience any genuinely serious financial stress....