New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-07
NEW PUBLICATIONS.
r Use AND CARE OF MONEY.

pRINClPIi..TS Guide for Bankers, Merchants and
Prscusrs BY Edward Carroll IT. \" r. ru'-
nam's Sons
u. r.cessty FOR clear understanding Oh 'nc
Inc -. xh,ch under,ie the practice OF finance IL
princip'es .asure lost sight Of among people whose
In s'e 90 life has nothing TO do with practical
ousihe and 10 many the great financial prob
nha :, ,he day are perpexins and dimcui' 70
ie'ns - as the lines OF Greek Testament would
,..o,, proper knowledge OF the rudimen's
.. creek language. At the present time espe
% -. uhen there Is so much agitation upon cur
clais' ,,est,ons any information which may lead
renc' S,,csted in the principles OF money TO I'M
mos =, those principles we'll as their practical
uei ,',,o, 10 business In general Is uncommonly
app In principles and Practice OF Finance
,bor takes the uneducated into his confidence.
inv ...rly and lucidiy explains. step by STEP the
anu lie which govern the use Of money. He FOL
p'" .,,s BY a thorough exposition Of the practice
io"s .s including the workings OF the finances Of
o. ",,o,al Government and the State, local money
.,.n,ons private banks, exchanges. commercial
-. and various other concerns Identified with
the subject ,,-, -, A.,
sorv Of money. although the author Is rather pro-
800 IN some Of his explanations and goes to some
,.r, into economic principles. Most of his rea-
,t,ss IN these principles those which are al
,,dv known 10 students. and his method OF treat
&c them 80 &c define and explain. rather than 10
..ks any original assertions which would invite
ss,usson On some subjects he takes positive
and as for instance. the currency question IN
rerd 10 which he thinks chat no good reason
:, he shown why a paper currency should not De
,ulated BY the same law OF supply and demand
-s,ch governs all business transactions; nor why
A. Government should take from the persons VINO
- the interpreters OF that law in all business re-
.sons the Interpretation Of the law when applied
currency" Mr. Carroll believes in a single
a,dard OF value. and makes a strong argument
swng that god Is the universal measure OF
ue in all countries having any foreign trade al
.urh silver or some metal currency or credit,
| az be used az COLDS representatives
N, value OF this book. however. does not lie In
. authors observations economic or currency
,st,ons but IN It's information regarding the hrst
s,cples of finance and its careful description OF
s.5cal transactions. This Information Is OF value
q only TO the beginner. but also to the mature
stpess man. and the author has awaited himself OF
,,r sources Of information which have enabled
.to present his subject with accuracy and with
xsal data.
ne pages describing the methods In which the
ssness of banks trust companies and all money
.rtut,ons are conducted are valuable. and the
mark. on stocks and bonds form an important ad-
fton 10 current information on securities Inc
ssp.er on foreign exchange is especially worthy
q careful consideration and attention. In we" OF
n. prevailing ignorance this important depart
r,sst OF finance the explanations in this DOCK OF
al the simple operations as well as the intricate
and complex operations conducted In the Foreign
exchange market are timely and are commended 10
al students OF finance. A thorough explanation
of the money and currency Of the United States
e nresented and In all the chapters there Is suii-
Glen. detail and data 10 give one clear uncer-
standing Of everything connected with the practce
OF finance and general business.