LETTER OF SUBMITTAL to The President : I have the honor to submit herewith the final report of the Commission on International Exchange, constituted under the authority of the act of March 3, 1903, and continued last year by means of a special appropriation. The chief purpose of the Commission was to bring about,...
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THE ORIGIN AND PROGRESS OF BANKING. An eminent historian observes, that ” it is a cruel mortification, in searching for what is instructive in the history of past times, to find that the exploits of conquerors who have desolated the earth, and the freaks of tyrants who have rendered nations unhappy, are recorded with...
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THE metals have so long performed the use of money, that money and coin are become almost synonymous, although in their principles they be quite different. The first thing therefore to be done in treating of money, is, to separate two ideas, which, by being blended .together, have very greatly contributed to throw a...
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PREFACE by the Author The object of the following pages is to explain, is a plain and familiar manner, what money, Banking, and currency, properly speaking, are ; and how it behoves us to deal with them at present in this country. I conceive that this object may be realized in a manner the most...
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INTRODUCTION. There are times when a merchant will make almost any sacrifice to obtain ready money. He has entered into no rash speculations, and has only to meet the ordinary legitimate demands of his business, but in order to do so he is suddenly called upon to make a heavy and unexpected loss. To...
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PREFACE THE literature on the subject of the present book is remarkably meagre. We look practically in vain for any book in any language treating of the highly-important and likewise interesting subject of the transfer of money from one nation to another. The fact is all the more astonishing, as Arbitrage is of the...
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INTRODUCTION. POLITICAL ECONOMY is the science which treats of general or national wealth, general or aggregate as distinguished from individual, as the term Political implies. This science is directed chiefly against, or has reference to the errors of statesmen or legislators, as connected with trade or the industry of mankind ; and, however extensive,...
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INTRODUCTORY NOTE BY THE AUTHOR The attention of the people of the United States at the present time is drawn, with ever increasing interest, to the commercial and financial institutions of foreign countries. This is due, primarily, to the fact that the industrial growth of this country has brought her to the point when a...
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FOREWORD THIS book is written in the form of a conversation between Uncle Sam and six men of various occupations. It begins with the A, B, C of the subject and by question and answer goes over all the different phases of the subject precisely as you would expect them to arise under such circumstances....
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Synopsis 1. The Evolution of the Money Market. 2. The Importance of the Banking Element. 3. The Origin and Development of Banking. 4. Banking and the Bank of England 5. How the Banker Obtains His Funds. 6. How the Banker Uses His Funds. 7. The Bank of England. 8. Management of the Bank of England. 9. State Protection. 10. The Duties Carried Out by...
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PREFACE The idea expressed and the conclusions arrived at in this work, are the result of many years of careful thought and study, coupled with practical and varied experience of a very busy in connection with industrial, commercial, and financial affairs, both here and abroad. It is now nearly a quarter of a century, since I...
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PREVIEW It is an essential part of the case of the silver men that the country is having “hard times.” The bolters from the Republican convention say, in their manifesto: “Discontent and distress prevail to an extent never before known in the history of the country.” This is an historical assertion. It is distinctly untrue....
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A Series of Weekly Meetings of friends of a Sound Currency began September 23d, 1858, in the rooms of the Mercantile Library Association, Clinton Hall, New York, Jambs Gallatin, Esq., residing. In addition to citizens of New York and Brooklyn, gentlemen from Boston, Salem, Louisville, Lexington, and other places, were present at one or...
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