Loading ...PREFACE.
No one will question the need of a systematic treatise on National and State finance. The exercise of more intelligent public economy and more efficient justice are matters of great practical importance with many who feel the burden of taxation. These matters are not less vital to the toiling millions, whose struggle to live has grown fiercer under the withering sun of world-wide competition. Nor is the interest of the moralist and patriot less significant, even though it cannot be measured by the same standards of pain and pleasure that are applied to others.
I have tried to make a book for that large class of readers who, it is believed, are in quest of information presented in an orderly form concerning public expenditures and revenues, money and banking, and know not where to look in any single work. Of course, many articles may be found in magazines, government reports and the publications dealing with particular financial questions, but something more than these is desired.
An explanation may be made concerning the use of references. In a few cases a reference has been given to strengthen the assertion in the text. In other cases references have been added to indicate where more complete sources of readily accessible information may be found, should the reader desire to extend his inquiries. A third use of references has been made in those cases wherein the current of opinions runs the strongest against the statements made in the text.
The last four chapters, though not within the scope of our definition of Finance, are added because the popular conception of the term is wider, and readers may expect to find some treatment of these matters in the work. The chapter on Money is an introduction to that on Banking, a subject possessing the deepest practical interest to all.
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