The Federal Reserve

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. IT IS of great importance that the American people should understand fully not only the text of the Federal Reserve Act, but, as Well, its history during the process of enactment, and I am sure that this book Will be read with the deepest pleasure by all Who are interested in the subject of banking. The Federal Reserve Act has already been, and Will be in the future, of the greatest advantage, not alone to the bankers, but to all our people Who are the customers of the banks, and who are engaged in agriculture, commerce, and industrial pursuits. The author points out that so far as expressions of opinion are to be found in the book, they are expressions merely of his personal views, but such expressions are surely entitled to have great Weight. I feel confident that this book, both as a history and a searching analysis of the Act, Will be an invaluable help to every student of banking and finance. Charles S. Hamlin.

IT IS of great importance that the American people should understand fully not only the text of the Federal Reserve Act, but, as Well, its history during the process of enactment, and I am sure that this book Will be read with the deepest pleasure by all Who are interested in the subject of banking. The Federal Reserve Act has already been, and Will be in the future, of the greatest advantage, not alone to the bankers, but to all our people Who are the customers of the banks, and who are engaged in agriculture, commerce, and industrial pursuits. The author points out that so far as expressions of opinion are to be found in the book, they are expressions merely of his personal views, but such expressions are surely entitled to have great Weight. I feel confident that this book, both as a history and a searching analysis of the Act, Will be an invaluable help to every student of banking and finance. Charles S. Hamlin.