Adequate to the Need of the Country?

This emission by the Government once established and understood by the masses, the descensus Averni of over-issue would be checked by the knowledge gained from observing the financial effect of each succeeding issue on the trade, commerce, and agriculture of the country. In half a generation the public danger of being harmed by the jugglery of bankers' associations, with closed doors, assisted by their confederates outside, capitalists of every grade would have passed away, because the people would have become sufficiently enlightened to testify their wishes through the ballot-box. I may be told that I am very dogmatic on a subject that is very deep. Permit me to reply that among students of other schools of finance I might not page 14 be listened to unless I had the assurance that comes of conviction. A legislator the other day in your Assembly alleged that "an hour had been wasted and the hon, member fooled" during which this subject had been advocated by Mr. Verrall. Shades of Bathgate and Macandrew, fortunate that you are no longer in the presence of such a Solomon! Connected with the question of State issue of notes is the twin subject of land monopoly, to which I can in this connection make but little reference, save to note that the influence of