The Essential Elements of a Monetary System: Address Before the World's Congress of Bankers and Financiers, Chicago, June, 1893 (Classic Reprint) - Hardcover

R. M. Widney

Hardcover

ISBN 10: 0656146141 ISBN 13: 9780656146147

Publisher: Forgotten Books, 2018

Synopsis

A historic blueprint for a safer, government-backed monetary system that outlines how a national framework could stabilize banking, protect deposits, and align public finances with the nation’s needs.

Based on an 1893 address, the book examines how a central Comptroller of Finance might supervise currency, bank notes, and the banking system. It discusses proposals for circulating money, bank reserves, and regulatory measures to prevent misuse, with a focus on transparency and public accountability.

• How currency could be issued as a public trust and stored in a national treasury.
• Uses for government bonds and state or local securities to back loans and maintain liquidity.
• Proposed oversight mechanisms and penalties to deter fraud and mismanagement.
• Ideas for reporting and publishing monthly financial data to inform the public and policymakers.

Ideal for readers curious about historical approaches to monetary reform and the forces shaping financial policy in the United States.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0656146141
• ISBN 13: 9780656146147
• Binding: Hardcover
• Number of pages: 54