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( This is a reproduction of a book published before 1923....)
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. ++++ The below data was compiled from various identification fields in the bibliographic record of this title. This data is provided as an additional tool in helping to ensure edition identification: ++++ Money Inflation In The United States: A Study In Social Pathology Murray Shipley Wildman G.P. Putnam's Sons, 1905 Currency question; Finance; Inflation (Finance)
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(This historic book may have numerous typos and missing te...)
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 edition. Excerpt: ...two former utterances and commended the subject "to the investigation of an enlightened people and their representatives. " The officers of the Bank at last applied for a renewal of the charter, with some changes, and the friends of the Bank in Congress played into the hands of the President by passing a bill for that purpose in the summer of I832, when the campaign for his re-election was already on. The veto message which followed is remarkable for the writer's disregard, or want of knowledge, of the real needs and dangers of the country, as well as for its great strength as a campaign document. The message begins by the information that "the bill was presented to me on the 4th of July instant. Having considered it with that solemn regard for the principles of the Constitution which the day was calculated to inspire, and come to the conclusion that it ought not to become a law, I herewith return it... with my objections." Summing his objections to the then existing Bank as "unauthorized by the Constitution,' subversive of the rights of the States, and dangerous to the liberties of the people," he reminds Congress that he had already expressed his opinion as to what the institution ought to be, and regrets that in the act before him he could see "none of those modifications of the Bank charter which are necessary to make it compatible with justice, with sound policy, or with the Constitution." The act he finds creates a monopoly, confers gratuitously valuable privileges, not only on a few citizens--"chiefly of the richest class,"--but even on foreigners. After showing why the opinion of the Supreme Court should have no weight in respect to his course, he closes his...
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(Excerpt from Money Inflation in the United States: A Diss...)
Excerpt from Money Inflation in the United States: A Dissertation Submitted to the Faculty of the Graduate School of Arts, and Literature in Candidacy for the Degree, of Doctor of Philosophy, (Department of Political Economy) In the light of political events of the last decade, we might infer that the American people have decided to tamper no more with the standard of deferred payments, and to abandon forever the fruitless chase after the phantom of value created by legislative enactment. Assuming that such is the present attitude of the country, and that any effort to point out the errors of the fiat-money doctrine would be wholly gratuitous, have we yet any guaranty against a revival of these fallacies on the recurrence of business depression? Certainly it is not wise to wait until an epidemic begins before giving attention to sanitary measures. When everybody seems to be in perfect health, no one can doubt the wisdom of destroying all possible sources of infection. The following study is an effort to lay bare the real nature of the social malady from which our country has so frequently suffered, with the single purpose of stimulating adequate provision against its return. That the author may be on terms of complete understanding with his reader, it should be said that no attempt is made to write a history of American currency nor to give an adequate exposition of monetary theory. There has been no effort to present a history of our industrial progress nor a complete discussion of social psychology. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Murray Shipley Wildman was born on Feburary 22, 1868 in the little Quaker town of Selma, Ohio, the eldest child of John and Mary Taylor (Pugh) Wildman. The boy was only eleven when his father died, and during his years of schooling he worked on the farm and at whatever other employment he could find to help support his mother and the three younger children.
Deciding that he wanted to be a teacher, he entered Earlham College, a Friends' institution at Richmond, Ind. , and in 1893 received the degree of Ph. B. In 1902 he went to the University of Chicago to study political economy, where he gave chief attention to the subjects of money and banking, coming especially under the influence of Prof. J. Laurence Laughlin. He received the degree of Ph. D. in 1904.
Until 1895 he was teacher of history and science at Spiceland Academy, a Friends' school in Indiana. Here he became interested in banking and in 1895 founded the Henry County Bank, of which he was vice-president and cashier until 1902. For the last three years of this period he was principal of the Spiceland Academy and superintendent of the schools of that town. His dissertation was published under the title Money Inflation in the United States (1905). Marked by skill in composition as well as by accurate research and judicious selection of material, this study forms a useful chapter in American economic history. Opening the work with a discussion of the contributing psychological forces, he went on to the economic causes and showed how a series of liquidated frontiers set up the cry for easy money. His prejudice against socialist proposals was intensified by his review of the inflationist demands of those without property. In 1905 he became instructor and the following year assistant professor of economics at the University of Missouri. In 1909-10 he was assistant professor of economics in the school of commerce at Northwestern University, in 1910-11, taught economics and commerce, and in 1911-12 was professor of economics and commerce. During his last year at Northwestern he performed effective service as secretary of the National Citizen's League for the Promotion of a Sound Banking System, interviewing business men, writing, and speaking. His teacher, Professor Laughlin, was the League's founder and guiding spirit. It took form in the spring of 1911, when it was apparent that the Aldrich bill, for all of its desirable features, would not be enacted. The League undertook, on behalf of business men, borrowers rather than bankers, to educate the country in the principles of banking reform, including the need of credit reorganization as against mere note issue, and emphasizing the importance of making liquid the sound commercial paper of the banks in the form of credits or bank notes redeemable in gold or lawful money. Regional bankers' control, with government sponsorship, instead of the European system of central banks was favored. This program was thoroughly congenial to Wildman, and his work contributed to the League's influence in bringing about the establishment of the Federal Reserve System. In 1912 he became head of the department of economics at Leland Stanford Junior University. Here he displayed remarkable aptitude both for administrative and teaching duties, and won the enthusiastic cooperation of his colleagues. From 1925 till his death he was dean of the school of social sciences. He served in the bureau of research of the war trade board and the division of planning and statistics of the war industries board, 1918-19, engaged particularly in making studies of food prices during the war period. His heavy teaching and administrative duties left comparatively little time for writing. He died at Stanford University, survived by his wife and a daughter.
(Excerpt from Money Inflation in the United States: A Diss...)
(Many of the earliest books, particularly those dating bac...)
(This historic book may have numerous typos and missing te...)
( This is a reproduction of a book published before 1923....)
He was an active member of the Commonwealth Club of San Francisco, where he had intimate contact with men of affairs, and of other organizations of business men and economists. He was also a member of the committee on statistics and standards of the United States Chamber of Commerce.
On August 16 of that year he married Olive Stigleman of Richmond.
