and methods behind the last attempt until the mid-twentieth century
to remake the South from without.
Texas A&M University WALTER L. BUENGER
The Development of State-Chartered Banking in Texas. By Joseph M.
Grant and Lawrence L. Crum. (Austin: Bureau of Business Re-
search, University of Texas, 1978. Pp. xv+281. Illustrations, Ap-
Joseph M. Grant, president of the Fort Worth National Bank, and
Lawrence L. Crum, professor of banking and finance at the University
of Texas, Austin, are the authors of this study, sponsored in part by the
Association of State-Chartered Banks in Texas and intended-ac-
cording to their preface-for bankers and bank users, as well as aca-
deme. Starting with consideration of bank predecessor systems and
tracing state-chartered banking in Texas from the passage of the State
Bank Law of 1905 to 1970, this general, somewhat uncritical, work
adds to the sparse literature on Texas business, but leaves the reader
wanting more historical analysis.
Although The Development of State-Chartered Banking in Texas
provides a useful outline of the history of its subject, it suffers from a
lack of research among more primary sources which might have hu-
manized an otherwise largely statistical story. The authors make good
use of federal and state banking reports, legislative journals, reprints
of addresses in the Texas Bankers Record, official records of Bank-
ing Department of Texas's files, and several personal statements of
former bank examiners. They know the value of anecdotes and per-
sonal recollections and scatter them, with little analysis, throughout the
book. Scholars who wish to verify or expand these personal accounts are
frustrated to find no indication in the chapter notes of the location of
these primary sources, or even a mention of their nature: oral history
interviews, correspondence with the authors, or written memoirs. The
reader may be disappointed at the brevity of some of the chapters. The
fourth chapter, for example, "The Texas State Bank Law of 1905,"
contains but eight pages on the "growing support for state-chartered
banking" (pp. 42-44). The actual description of the State Bank Law of
1905 is limited to four sentences. Absent are newspaper reports and
comments, any kind of analysis of bill-author Thomas B. Love's per-
sonal objectives in supporting state-chartered banking, and accounts of
Texas State Historical Association. The Southwestern Historical Quarterly, Volume 84, July 1980 - April, 1981. Austin, Texas. The Portal to Texas History. http://texashistory.unt.edu/ark:/67531/metapth101225/. Accessed December 20, 2014.