Présentation de l'éditeur
This is not a general treatise on money and banking. The intention is, rather, to contribute something to a single subject of national interest the problem of providing a more sound and elastic system of current credit-funds. In recent discussion of currency and banking, it has seemed that a too narrow view has been taken: By one class the assumption is made that issues of Government are capable of affording the elasticity desired; another has attempted to demonstrate that in an assets-bank-currency is to be found the nostrum for financial ills. Both classes have failed to see that our financial superstructure rests on two distinct and widely separated pillars the Independent Treasury, and the Commercial Bank; that each has its own burden and responsibilities; that the one is an institution of public-money-issue, the other an institution of private-credit; that the one supports a large issue of credit-money upon a gold reserve for its foundation, the other a still larger issue of bankcredit upon a lawful money reserve.
(Typographical errors above are due to OCR software and don't occur in the book.)
About the Publisher
Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.
Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text. Read books online for free at www.forgottenbooks.org
Présentation de l'éditeur
This book was originally published prior to 1923, and represents a reproduction of an important historical work, maintaining the same format as the original work. While some publishers have opted to apply OCR (optical character recognition) technology to the process, we believe this leads to sub-optimal results (frequent typographical errors, strange characters and confusing formatting) and does not adequately preserve the historical character of the original artifact. We believe this work is culturally important in its original archival form. While we strive to adequately clean and digitally enhance the original work, there are occasionally instances where imperfections such as blurred or missing pages, poor pictures or errant marks may have been introduced due to either the quality of the original work or the scanning process itself. Despite these occasional imperfections, we have brought it back into print as part of our ongoing global book preservation commitment, providing customers with access to the best possible historical reprints. We appreciate your understanding of these occasional imperfections, and sincerely hope you enjoy seeing the book in a format as close as possible to that intended by the original publisher.
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