Evening star., 1933-05-28
PUBLIC LIBRARY
IMITATION.

INITIATION.
THIS Is the second and last of
two lists on monetary problems,
prepared by the reference de-
i partment Of the Public Library.
The first on The Gold Stand
ard" appeared in these columns last
Sunday, May 21.
BOOKS.
Imitation, by D. B. Woodward and M
c. Rose 1888. HMW87i.
A sane book for the layman, useful
as first aid for understanding present
financial conditions. The authors re-
view the principal periods of imitation
and show that the mere creation OF
more money is without result unless the
extra money Is spent and circulates.
In their opinion, moderate amount
of initiation Is desirable, provided 1t
can be controlled.
Imitation, by Irving Fisher. 1888
A practical discussion of the SUBJ
ject by leading authority on money.
Primer of Imitation, by Earl Sparling.
1888.
A readable book, considering the ef-
fects OF imitation upon individuals IN
various circumstances, and giving ad-
vice to the business man, investor, bor-
imitation comes.
Bankers Gold, by E. L. Smith. 1888.
The subject of imitation viewed pri-
marily from the point of view of bank
ing. The book shows how banks arose,
what their practices and functions are,
and the difficulties which arise from
Northumberland credit. The au-
thor is concerned primarily with bank
ing reform as means OF preventing
speculative imitation in the future"
How to Restore Values, by A. w.
Benkert, in collaboration with Earl
Harding 1888. HMB43.
One of the John Day pamphlets,
which gives the quick, safe way out
of the depression" The authors con-
pension of specie payment and adequate
depreciation of currency"
PERIODICAL ARTICLES.
Congress and Currency Expansion.
March, 1888
The facts of the case of currency
Expansion" as it's friends call it, or
Imitation" as its enemies call it, fol-
lowed by pro and con discussion by
eminent legislators and flnancierS.
Gold. Prices and Imitation. by John
Chamberlain. New Republic, 1926
339. May 3, 1888.
"The objects of imitation are two
to put more money into circulation and
to instigate rise in prices" 1t may
take various forms, as credit imitation,
devaluation of the dollar. fiat money.
remonetiza ton of silver or scrip, and
bond money. Any schemes for enlarg-
ing the basis of currency cannot work
unless coupled with Government spend
ing to force added money into circu-
lation."
Bankruptcy or Initiation? by r. w.
Page Current History, 37:680-684,
March. 1888.
The author son Of Walter Hines
Page, presents what he calls "coun-
try bankers point of view" He thinks
that since financial conditions have not
been improved by measures taken SO
far, the choice of remedy lies between
bankruptcy, drastic imitation. revolu-
ton. or the laissez faire attitude. OF
these, he considers imitation preferable.
Reviving Business and Industry by
Raising Prices u. S. Daily, May 8
to IS, 1888, p. 9.
"The President is expected to use
broad powers to bring up values and
wages to 1925 levels, restoring purchas-
ing power of workers and agriculture"
Buying Power Of the Dollar: Now and
1888, p. 8. =,
How prices would have to be raised
IS per cent to be on parity with those
seven wears ago"
AGAINST INITIATION.
The Cost of Imitation, by L. NJ Graves.
Forum, 80 9:272-275, May, 1888.
reply to the inflationist argument
by Prof. G. F. Warren in the April
Forum The real problem Is to get
factories to operating, men back to
work. This requires markets for the
products OF industry. 1t is not the fact
Of the new money but the fact OF the
profitable markets that stimulates busi-
ness and makes prices rise. A planned
initiation in a period Of depression cam
not do this"
The Great Imitation Fallacy, by D. w.
Ellsworth. Current History, 1918
81, April, 1888.
"In the March issue Of Current His
tory there appeared a strong plea by
Ralph w. Page for imitation. This
article by the assistant editor OF the
Annalist presents an opposing view of
this much-debated question"
Some Fallacies Underlying the De-
mand for Imitation" by B. M. An
derson. Chase Economic Bulletin,
1890, May 9, 1888.
A supplement to his previous article
The Gold Standard and the Admins
trations General Economic Program"
by the economist of the Chase National
Bank. He considers g fallacies the