The Federal Reserve Act Electronic Resource a Discussion of the Principles a

Cover The Federal Reserve Act Electronic Resource a Discussion of the Principles a
The Federal Reserve Act Electronic Resource a Discussion of the Principles a
Clarence W Clarence Walker Barron
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Only a new party in power having everything to gain and noth- ing to lose would have undertaken the tasks of revision, in one year, of tariff, currency and business laws.
XVII AN AMERICAN SYSTEM AND NEW DEFINITIONS DE- MANDED.
The irresistible expansive power of the United States, both in contact and example, is something with which the whole world has had to reckon now for a hundred years. "Les Americans; they do arreeve, " exclaimed Sara Bernhardt. How they arrive, politically, financially or
... otherwise, they never seem to know or care. But they do get there and they know it. They have grown in that abounding self-confidence that effectively declares that individual faith removes all individual mountains. The Revolutionary Army fought with- out a constitution, and the colonies failed in their first attempt to make one. When, however, it was seen that the deficiency was in the power to tax, they made a new constitution that needed no tax amendment for more than a hundred years. Taxing incomes had not been dreamed of by our Revolutionary forefathers.

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