Financial Legislation and its Limitations. 29 



Banking, bk. II, chs. IX, X, XI; L. Carroll Root, "New York Bank 

 Currency," Sound Currency, vol. II, no. 5 ; Bonamy Price, Currency and 

 Banking, ch. II, § II ; McLeod, pp. 1020-43 (currency principles defined) ; 

 Laughlin, Principles of Money, ch. VII, §5; Conant, Modern Banks of 

 Issue, ch. XXIII; Laughlin (use of notes), Report of Monetary Com- 

 mission, p. 309; Bowen, American Political Economy (chart of fluctua- 

 tions of greenbacks during Civil War), ch. XIV; F. M. Taylor, "Do we 

 want an Elastic Currency?" Political Science Quarterly, March, 1896; 

 J. F. Johnson, " Proposed Reforms of the Monetary System," Annals of 

 the American Academy. March, 1898 (answer to suggested irresponsi- 

 bility in proposed Levering bill) ; Jules Guthridge, "Currency Legislation 

 of 56th Congress," Sound Currency, March, 1901, p. ^2i, sqq. ; F. A. C1pv«»- 

 land, " Final Report of the Monetary Commission," Annals of American 

 Academy, January, 1899 (retirement of greenbacks inefficacious to raise 

 total reserve) ; Ward A. Cutler, " Insolvent National Banks in City and 

 Country," Journal of Political Economy, June, 1899 (large and city banks 

 less likely to fail than small and country banks) ; A. D. White, Paper 

 Money Inflation in France; R. M. Breckenridge, "The Comptroller's Ob- 

 jections to Currency Reform," Journal of Political Economy, March, 1899, 

 also Sound Currency, vol. IV, no. 4 (on difference between notes and 

 deposits. Same points, Knies, ch. XIV, esp. p. 448) ; Hooper, speech Jan- 

 uary 19, 1863, Congressional Globe, 1862-63, p. 384 (government loans do 

 not correspond to " business exigencies"); Mitchell, " Suspension of Specie 

 Paj-ments, December, 1861," Journal of Political Economy, June, 1899, 

 pp. 317-18. 



REFERENCES ON GOVERNMENT PAPER MONEY 



Bank of England: Walker, Money, ch. XX, "Convertible Paper Money 

 in England " ; Gilbart, vol. I, § 3, " The History of the Bank of England " 

 (charter of 1833, p. 80; bank act of 1844, pp. 91, 326-364) ; Bonamy 

 Price, ch. II, §2; Levi, History of British Commerce, p. 207; Lombard 

 Street, ch. Ill, Origin of Lombard Street, ch. VII, Government of the 

 Bank of England, ch. IX, Joint Stock Banks, ch. X, Private Banks. 



Scotch Banks: Gilbart, vol. II, § XXIII, part II, A Comparison be- 

 tween Banks of Scotland and those of England, pp. 204-16; Jevons, 

 Mechanism, Scotch Bank Currency; Adam Smith, Wealth of Nations, bk. 

 II, ch. II, p. 297 (Bohn's ed.), also in Sound Currency, vol. II, no. 8; 

 Conant, "Scotch Bank Currency," Sound Currency, vol. IV, no. 4; 

 McLeod. ch. XIII, § III. 



United States: Dawes, Banking System of the United States; Bolles, 

 Practical Banking, part I, ch. Ill, The National Bank System, pp. 9-14, 

 ch. V. How Banks are Organized and Issue Notes, pp. 16-24; Walker, 

 Money, ch. XXI, pp. 443-79; Rhodes' Journal of Banking, March, 1890, 

 p. 217 (banking on bonds a bad system); White, Money, pp. 134-235: 

 McLeod, p. 907 ; " The World of Finance ; The Central Reserve Bank," 



>43 



