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CHAPTER VII
BIMETALLISM AND MONOMETALLISM. PAGES 134-142
Definitions
Kinds of bimetallism.
Ratio.
Historical sketch of bimetallism in the United States
Arguments of the bimetallists
Arguments of the monometallists
CHAPTER VIII
INFLATION AND CONTRACTION.
DEPRECIATION.
PAGES 143-159
143
144
145
146
147
148
Loan and trust companies
Functions and business of commercial banks :
(1) Discounting negotiable paper
(2) Receiving deposits
(3) Buying and selling exchange, coin and bullion
(4) Making loans .
(5) Giving bank credit to merchants
(6) Issuing circulating notes.
Functions of loan and trust companies
THE NATIONAL BANK SYSTEM. BANKING SYSTEMS
OF SOME OTHER COUNTRIES. PAGES 193-208
I. THE NATIONAL BANK SYSTEM.
Reserves
Congestion of money in money centers
The independent treasury system
Inelastic currency
Lack of banks in many districts
II. BANKING SYSTEMS OF SOME OTHER COUNTRIES.
England
France
Germany
Canada.
Scotland
CHAPTER XII
REMEDIES FOR THE PRESENT SYSTEM OF BANK-
ING. PAGES 209-231
I. PROPOSED PLANS FOR A CENTRAL BANK.
1. Reëstablishment of the United States Bank
II. PROPOSED CHANGES IN THE PRESENT SYSTEM OF BANKING.
1. Branch banking
II. BALANCE OF TRADE AND BALANCE OF ACCOUNTS.
Balance of trade
Items entering into the balance of accounts
Correlation between imports and exports
III. CUSTOMS DUTIES.
PAGE
209
211
213
215
216
220
225
226
228
232
233
234
235
236
237
238
239
241
242
243
246
248
II. EFFECTS AND PRINCIPLES OF PROTECTION.
1. Protection invites capital to take up new industries
2. Does protection increase the labor and capital in a coun-
try?
253
254
3. Protection establishes less productive industries
4. Protection should be temporary
256
5. The burden of raised prices under protection falls on
the consumer
258
6. Protection should be limited
260
7. Protection reduces foreign trade
261
a country .
8. Protection causes international animosities
9. Protection does not increase the general rate of wages in
III. ARGUMENTS FOR PROTECTION.
General argument .
More specific arguments
IV. ARGUMENTS FOR FREE TRADE.
CHAPTER XV
TRANSPORTATION. RAILROADS. PAGES 276-293
Transportation aids production.
262
263
266
267
272
Railroads as private concerns and as public concerns
Consequences of these two facts
Power of railroad managers
Overcapitalization
Railroad charges
Classification
276
277
278
279
281
282
283
285
286
287
290
291
294
295
296
II. GOVERNMENT OWNERSHIP OF RAILROADS.
Arguments for government ownership
Railroads in foreign countries
Motives for government ownership in foreign countries
Objections to government ownership
315
317
319
320
322
323
325
327
329