Congressional Edition Volume 5614, No. 1

Congressional Edition Volume 5614, No. 1

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...deny that I am in accord with some of the fundamental views set forth in the extensive memorial of Freiherr von Wangenheim yesterday, although not with his physiocratic theory, which Herr Schinckel has just assailed with perfect reason and which has been almost universally rejected by German theorists. We are willing to admit that the labor expended in industry and trade, as well as in the field of finance and banking, is essentially just as productive as that expended in agriculture without meaning thereby to ignore in the least the immense importance of agriculture and agricultural tenure as the foundation of our whole economic development. But I want to say--and I think this ought by all means to be inserted in our protocol, although I admit that I have to some extent a personal interest in the matter--that I consider that it is simply impossible and beyond the scope of the task assigned to us to deal with so extensive a programme, based upon theories which would seek to give a new direction to our economic development. "Quite true!" Our duty, as I interpret it, is to deal with certain important, although not momentous, problems relating to the reform of our monetary credit and banking system, it being assumed, as was stated at the time in the introductory address of the imperial secretary, that we are to adhere essentially to the existing gold standard. My attitude as a theorist toward the gold standard is in some respects somewhat skeptical. I have hinted at this here and there, but on the whole I have kept back my scruples. I believe that we are bound to take this condition for granted--I personally have tried as far as possible not to lose sight of this fact--and to consider it our business to remedy or remove certain more

Product details

  • Paperback | 308 pages
  • 189 x 246 x 17mm | 553g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236549686
  • 9781236549686