Readings in Money and Banking / Selected and Adapted

by Chester Arthur Phillips

[255] Fred Rogers Fairchild, Bond-Secured Bank Notes and Elasticity, The Outlook, Vol. 88, No. 11, March 14, 1908, pp. 590-93.

[256] [As was pointed out in an earlier chapter, the autumnal demand for currency in the agricultural sections of the country has fallen off appreciably since 1907.]

[257] Fred Rogers Fairchild. Fundamental Defects of the Bond-Secured Bank Notes, Bankers Magazine, Vol. LXXVI, No. 4, April, 1908, pp. 487-90.

[258] We are not considering the third alternative of issuing bonds at a heavy discount.

[259] Adapted from W. H. Lyon, A Gamble in Governments, Moody's Magazine, Vol. XI, No. 1, January, 1911, pp. 181-186.

[260] [In this extract the explanation of the so-called perverse elasticity of our national bank notes is given incidentally but very clearly.]

[261] Adapted from John Perrin, What is Wrong with Our Banking and Currency System?, The Journal of Political Economy, Vol. 19, No. 10 December, 1911, pp. 856-865.

[262] Eugene E. Agger. The Commercial Paper Debate. The Journal of Political Economy, Vol. 22, No. 7, July, 1914, pp. 663-667.

[263] Annalist, March 9, 1914, p. 293.

[264] Annalist, March 9, 1914, p. 294.