Some Strange Misconceptions as to the Functions of the Banker: A New Economic Work Reviewed By Harruey Winueas One, among many, reasons why lone feels sceptical about the monet jary "reforms" preached with so much earnestness by a certain class lof zealots, is the number of curious misconceptions. that "they appear, from their published writings, t0 Jentertain concerning the facts ' of the mibnetary world as they at present exist. If a system needs reform—and it is certainly true that every aystem and institution that ever came into being needs it often if not always—it is surely advisable for those who set about the work of reforming it, to under~ stand very clearly how' it works, but it is very seldom that one finds much of this understanding in the homilies that set forth the schemes for providing us which a new monet Jary world.
Text read from the printed page and cleaned; old type leaves the occasional error.