Hearings And Arguments Before The Committee On Banking And Currency Of The House Of Representatives Dec 11 15 1906 On Proposed Currency Legislatio

Author : United States Committee on Ban Currency
Publisher : Forgotten Books
ISBN 13 : 9780266177777
Total Pages : 262 pages
Book Rating : 4.1/5 (777 download)

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Download or read book Hearings and Arguments Before the Committee on Banking and Currency of the House of Representatives on Proposed Currency Legislation written by United States Committee on Ban Currency and published by Forgotten Books. This book was released on 2017-10-11 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Hearings and Arguments Before the Committee on Banking and Currency of the House of Representatives on Proposed Currency Legislation: Sixtieth Congress, 1907-8 I have yet to find one of those bankers who knows anything of the banking and currency systems of Germany, France, England, or any of the great progressive countries that, In my judgment, are out of sight ahead of us on this question. I have yet to find a Member of Congress who pretends to understand the banking and currency sys tem of any country, his own or any other. I do not believe there are five men in the House that agree about any sort of a banking and cur rency system. It would seem perfectly clear that with this dense and universal Ignorance among the people pursuing the business, and among Senators and Members of Congress themselves, and with a thousand diverse views about it, a present system that Is nothing but a piece of mingled Ignorance, demagogy, and temporization, we will not be able to pass any sort of banking and currency measure of which any of us could possibly be proud in the coming years, and, in my judgment, it is certain that if we attempt it at this session the whole subject will be drawn into the vortex of partisan politics at the most unfortunate stage in the political history of this country for the last twelve years. We all understand how the parties are all divided now about every thing under the sun, from police courts to States' ri hts, from the control of railroads to the control of quarantine, an all along the line. We are all divided, the whole thing Is hopelessly mixed up, and nobody can tell what is going to happen in the next Presidential election In either party. If you drag financial legislation or the banking and currency sys tem into the coming Congressional, Senatorial, and Presidential con tests, nobody can tell what will happen. It IS absolutely certain, in my judgment, that it will only hurt the question and obscure it and get partisan prejudice and sectional feeling all mixed up with a great business question and render its ultimate solution infinitely more difficult. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.