In "Banking Under Difficulties" by George Ogilvy Preshaw, the author provides a detailed account of the challenges faced by banks during times of economic turmoil. Preshaw delves into the various factors that can contribute to a bank's struggle, including external pressures such as changing market conditions and internal struggles like mismanagement.

What sets this book apart is Preshaw's ability to break down complex financial concepts into easily understandable terms for the average reader. Through real-life examples and case studies, he illustrates the impact of these difficulties on both individual financial institutions and the broader banking industry as a whole.

Overall, "Banking Under Difficulties" is a valuable resource for anyone looking to gain a deeper understanding of the challenges faced by banks and the implications of these difficulties on the economy. Preshaw's thorough research and clear writing style make this book a must-read for those interested in finance and banking.

Book Description:
An account of life on the Goldfields of Victoria, New South Wales, and New Zealand by a Bank Official. At the present time—1888—it may appear almost impossible to many that a bank agency should have been in a tent; that bankers should have, often on foot, gone long distances to purchase gold from small storekeepers, the said gold often being carried by them on their backs, till the security of some rough bush shanty had been reached; that instead of cedar counters, massive ledgers, impregnable strong-rooms, and all the appliances of modern banking, a gin case to write on, a note-book or piece of wrapping paper, and a saddle-bag should then have been considered quite the correct thing; yet that such was often the case is a fact. - Summary taken from the book by George Ogilvy Preshaw