Publisher's Synopsis
Excerpt from Letter From Messrs. J. P. Morgan and Co;, In Response to the Invitation of the Sub-Committee (Hon. A. P. Pujo, Chairman) Of the Committee on Banking and Currency of the House of Representatives: New York City, February 25, 1913
We suggest to you that such ills - and they are neither few nor trifling - as are existent in this country's financial affairs are the outcome of a banking clumsy and outworn banking system system AT fault rather than of the schemes of men; and that to eradicate such ills at their source, there is needed not legislation upon some one or more isolated symptoms, but rather a careful diagnosis of our whole banking system; a study of the successful systems of other countries which for decades have been free from the periodic panics which have dis tressed this country; and finally co-operation among all committees in Congress which consider this subject, to the one end of wise and comprehensive - as contrasted with piecemeal - legislation. 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.
