Public Policy; A Journal for the Correct Understanding of Public Questions and the Development of Good Citizenship Volume 5

Public Policy; A Journal for the Correct Understanding of Public Questions and the Development of Good Citizenship Volume 5

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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. 1901 edition. Excerpt: ...the old one, and made this the standard. This was wise, because it effected the transition to the gold standard without changing the consideration in recent contracts. In process of time a boom which was in progress when the change was made ended, as booms generally do, in collapse. Until then nobody found fault with the change to the gold standard. But the minute the collapse came there was the usual outcry about scarce money and the speculative crowd laid the alleged scarcity to the gold shift. There was clamor for more money--paper or silver--and a ministry was upset and a new one formed. Now it appears that the mikado will yield so far as to permit the coinage of some silver yen, provided they are of full value. He seems to be a good enough economist to know that the gold shift had nothing to do with the collapse and that no issue of cheap money will improve the situation. If what we hear is true the head of the state in Japan knows a great deal more about the money question than the head of the state in a country which boasts of its enlightenment and regards Japan patronizingly as merely a promising child in modern civilization.--Editorial: Chronicle, June 19, 1901. The Union Mutual Life Insurance Company of New York has instituted a total abstinence class of policyholders. It is found that the risks of total abstainers are better than any other, and they are now placed in a class by themselves, so that they may have the benefit of this fact. The same premiums will be paid, but it is expected that the dividends to the abstainers' class will be larger. John Wanamakcr led the petition for this change, followed by such prominent men as Senator Frye of Maine, ex-Governor Larrabee of Iowa, Dr. Edward Everett Hale, Booker T. Washington, Anthony...show more

Product details

  • Paperback | 418 pages
  • 189 x 246 x 22mm | 744g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236507320
  • 9781236507327