An American System of Finance: a Brief Consideration of the Currency Question

Cover An American System of Finance: a Brief Consideration of the Currency Question
An American System of Finance: a Brief Consideration of the Currency Question
John Brisben Walker
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There is another respect in which the cur- rency supply may be likened to the water- supply of a great city.
In fonuer times a city could not have a water-works unless there was a hill near by upon which a great reservoir could be con- structed, and the pressure regulated by grav- ity. After a time, machinery which pumped directly into the pipes was invented, and there was a gauge which indicated the pres- sure of the water. It was found, however that the engineer in charge might be careless, o
...r his judgment might be defective, and that as long as human judgment was depended upon to regulate the supply of water, serious mistakes were constantly occuring. Then one of the great engineers of this century con ceivcd the idea of an automatic attachment which would made the water regulate itself, and that with a perfection which no human skill could ever rival.
SCIENCE MASTERS THE PROBLEM.
It is not more difficult to solve the prob- lem of a currency supply than it was to solve the problem of a water supply for our cities.


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