Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-26

1t Came, What It Brought and How 1t
Ended. BY Andrew Dickson White, LID,
Phi. D.. D. c. L. New York: d. Appleton
Century Co.
INCREASINGLY the books by economists and
statisticians on the subject of depression
and recovery are dwelling on the subject
Of imitation in its various forms. Fear Of
imitation, based on theory knowledge Of
human nature and, above all, on the prac-
teal experience of the past, seems to be grow
ing. Mr. Ayres discusses measures of attempted
recovery in general, with only one chapter on
imitation, but that very important one. OF the
experience Of European countries with imitation
he says: In all these countries imitation had
the effect of rewarding speculation and penaliz-
ing thrift" He analyses the provisions Of the
inflationary legislation of the last Congress and
the programs OF various proponents OF imitation
and concludes: They Imitation schemes) fail
to meet the two simplest tests of effective con-
troll: First, is there positive provision, imper-
vious to political temptation, for restricting the
quantity and use of the whole of our money in
GLIDING bank deposits as we'll as coin and paper
currency, when prices rise above a designated
level? Second, is there equally positive provi-
sion for promptly expanding the quantity and
use OF the money when prices fall below the des-
ignated level?"*'We shall do well to remember
that the most bitter opponents of initiation
those peoples in other countries that have had
recent personal experience with it. In near
unanimity they Join in agreeing that imitation
is the mother of misery"
The late DR.. Andrew D. White one-tme pres
ident of Cornell University, which is mother
Of modern economists, was historical scholar
of note and had much practical experience in
European affairs when United States Minister
to Russia and Ambassador to Germany. In
this brief history Of paper money imitation In
France following the French Revolution he has
conveyed a warning Of results which would en-
sue If similar imitation should be carried out
nv 10
torical experience, like personal experience,
should be applied to prevent the repetition of
tragic mistakes. French imitation came through
seeking a dangerous remedy for temporary
evil; it brought industry commerce and agri-
culture to ruin; it ended in 'the complete finan-
cial, moral and political prostration of France
"a prostration from which only a Napoleon
could raise it." French assgnats finally came
to be used for Lighting day laborers' pipes. In
f1ation in this country, he believed, would pro-
vide political fnanciers enormous possibilities
for stock-jobbing and gambling which would GER
tainly accrue to those who, by controlling the
issues Of the circulating medium, could raise or
depress the price of every share of stock, every
bond, every yard Of every fabric, every ounce Of
every commodity within the United States"
JOHN HENRY NEWMAN, Anglican Minister.
Catholic Priest Roman Cardinal. BY j.
Elliot Ross. New York: w. w. Norton & Co.
THE OXFORD MOVEMENT 1833-1e33. BY
Shane Leslie. Milwaukee,: The Bruce Pub
fishing Co.
THE centenary of the Oxford Movement was
in July, 1888 These two books are part Of
the literary output caused by that centenary.
Both are by Catholic authors. The author Of
the first, Father Ross has been a member Of
the faculties Of the University of Iowa and
Teachers College, Columbia University, and has
been active in the work Of Newman Clubs at a
number of universities The American Library
Association selected his book, How Catholics
See Professionals" as one Of the so most i'm
portant religious books published during 1928
In this biography of Cardinal Newman, one of
the greatest of English religious leaders, he has
made a serious study Of the intellectual and
spiritual life Of Newman as 1t developed under
the influences of his era and his special en-
vironment. He was born at time when in
difference to historical Christianity was pro-
found and "he lived to See-and himself largely
to influence remarkable revival of interest
which has not yet exhausted its strength"
Through his sincerity and his exceptional pow
ers Newman started In the Catholic Church In
England movement that has revivified it, and,
to a large extent, transformed it." The very
human Newman, the man who was capable Of
intense suffering, who encountered many fall
ures, but through persistence and courage wrung
from them success, shares interest in this care
Jul biography with the Theological Newman
1.-THE Oxford Movement" by Shane Leslie Of
Kings College. Cambridge. is volume in the
Science and Culture Series under the editorsaip
of Joseph Husslein, s. j., PHI. D. It traces the
history of the movement from its inception in
various general and specific causes to its pres
ent effects on the Anglican and Roman Catholic
Churches. Mr. Leslie divides it into four
phases: The origins in Victorian England, the
period beginning with the secession Of Newman
from the Anglican Church, the period Of strug-
gle among differing religious groups, and the
present phase, or the results of the early move
ment. Mr.. Leslie writes with literary style
which allows touch Of humor even in the
midst of a serious subject and he excels in the
characterization of the many personalities enter
ing into the Oxford Movement.