Loading ...Preface By the Author
In this little book the writer hopes to place before the reader a concise embodiment of relevant fact and information of educational value in the pending central bank controversy.
To eliminate the non-essentials and set down the concrete and practical has been his aim. To him these are: The defects in our existing currency system; the functions of a central bank; the “plans” which have been proposed; the opposing arguments on the central bank issue; a sketch of the leading foreign central banking systems and, likewise, of the first and second bank of the United States; the question of currency redemption; and some gleaning of the state of banking and of public opinion on the proposed central institution.
In other words, he has endeavored to help the reader to answer the queries : What is a central bank? Is it a good thing for this country? How may it be organized? What do the people think of it? If his effort serve to enlighten the reader in any degree, his task will not have been in vain and he will be amply repaid for having assumed an undertaking for which he had no guide, and which has been completed in moments free from pressing editorial duties.
To Mr. Walter H. Barrett, managing editor of The Wall Street Sivmmainj, whose confidence in the writer through many years mainly inspired him to this task, his indebtedness for many helpful suggestions is gratefully acknowledged. And to Mr. Henry Meyers and Mr. F. Horace Giguere, of the Hamilton Press, for courtesies extended while the book was in press, the writer records his appreciation and thanks.
ROBERT EMMETT IRETON.
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