Local Notes
Hicks classification: BiogB Sp49 1878.
Lillian Goldman Law Library Rare26 24-0043 copy purchased from Peter Harrington, London in October 2023. It is bound in contemporary roan-backed brown paste paper boards, blue endpapers. Contemporary shelf mark spine label, blue paper library labels of the E. Prager Leihebibliothek on title page and page 1, ex-libris annotation on front pastedown.
Biographical / Historical Note
"On retiring from a relatively successful acting and singing career, Adele Spitzeder (1832-1895), stage name Adele Vio, struggled to fund the luxurious lifestyle to which she had become accustomed and accrued significant debt. In 1869 she founded Spitzedersche Privatbank on Munich's Dachauer Strasse; through word-of -mouth and newspaper advertisements she quickly built a large customer base, primarily among the working classes and farming community. Despite Spitzeder and her employees' lack of formal training in accounting and the banks chaotic business practices, 'by 1872 the bank was so successful that she was considered to be the wealthiest woman in Bavaria' (Partridge). It operated as a classic Panzi scheme, taking the deposits of new customers to pay fantastic rates of interest to the original depositors."--Bookseller's description.