The Currency

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Excerpt from The Currency: Report by the Special Committee of the Chamber of Commerce of the State of New YorkPresident of the Chamber of Commerce of the State of New York.The Special Currency Committee appointed by you in March, 1906, to inquire into the condition of the currency and to suggest desirable changes, beg to submit the following report.The Committee held their first meeting on March 14, 1906, and met at frequent intervals from that time up to the date of this report. Suggestions were sought by circular letter from members of the Clearing House Committees of principal cities, consultations were held with leading bankers in the United States and the experience of the heads of the chief European banks of issue was sought by letter and by personal visits of one of the members of the Committee, and is embodied in letters printed as an appendix to this report.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.