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Local Lending Practice: Borrowers in a Small Northeastern Industrial City, 1832–1915

Andrew A. Beveridge

The Journal of Economic History, 1985, vol. 45, issue 2, 393-403

Abstract: An analysis of over 10,000 loans made by a major credit source in Keene, New Hampshire, from 1832 to 1897 is presented. The data sources are unique and include information on property ownership and wealth, occupation, involvement in businesses, age, and connections with the credit source. As time passed more funds were lent to borrowers out of the city and county, lending was used to support many new industrial and other enterprises, as well as for infrastructural and social capital investments. Many loans were made to individuals and businesses with close ties to the source of credit.

Date: 1985
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