Eldred's - Auctioneers, Appraisers

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Item Details

Lot #29
DepartmentBooks
Low Estimate$1,200.00
High Estimate$1,800.00
Last UpdatedMay 20, 2019

Description

RARE NANTUCKET IMPRINT CONCERNING AN ISLAND BANK ROBBERY Circa 1816
A Narrative of the Robbery of the Nantucket Bank. Compiled From Original Documents Collected by William Coffin, and Albert Gardner, Esq's." (Nantucket, Mass.: Henry Clapp, 1816). Octavo volume in marbled wraps. American Imprints 37286.
The bank on Nantucket had not been open long before it was robbed of $20,000 in 1795. The crime incited suspicion amongst locals and fractured the community, the repercussions of which reverberated through the island for decades. (Nathaniel Philbrick, in his book on Nantucket, Away Offshore, discusses this "cultural meltdown" at length.) Joseph Chase, the bank's president, accused bank officer William Coffin of the crime, but Coffin claimed innocence, left the island and investigated the robbery himself. Coffin discovered an organized group of professional thieves was responsible, one of whom confessed to the crime years later, while an inmate in a New York state prison. In this 1816 pamphlet Coffin and Gardner provide their compelling evidence, but unfortunately it did little to reverse misconceptions or heal old wounds. Although there were banking scandals on the island, there was not another bank robbery until 2011."

Condition

Age-typical wear, including toning, foxing, soiling, creasing, uneven edges, etc., though generally well preserved. Wraps may be newer. Collation not verified.

The description of the item above may not be the final version used in the catalog. The descriptions are as yet unedited and may contain mistakes. The description, estimates and photos could all be wrong. In rare cases they may not end up in this sale. Once the items have received their lot number the descriptions will have been changed if needed.

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