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HONEST MONEY




  HONEST MONEY

  BY
  ARTHUR I. FONDA

  New York
  MACMILLAN AND CO.
  AND LONDON
  1895

  _All rights reserved_




  COPYRIGHT, 1895,
  BY MACMILLAN AND CO.

  Norwood Press:
  J. S. Cushing & Co.--Berwick & Smith.
  Norwood, Mass., U.S.A.




PREFACE.


In an article in the "American Journal of Politics" for July, 1893, I
gave a brief statement of the conclusions I had reached in an attempt
to analyze the requirements of a perfect money.

The limits of a magazine article prevented a full discussion of the
subject; many points were left untouched, and all quotations from the
works of other writers, in support of the brief arguments given, were
of necessity omitted.

As the course of events since the article referred to was written has
more fully confirmed the conclusions stated therein, a desire to give
the subject ampler treatment, which its importance seems to demand, has
led to the writing of this little work.

If apology is needed for a further contribution to the mass of
literature on the subject of money, with which the country has of late
been flooded, it must be found in the above explanation of the reasons
which have led to the production of the present volume, coupled with
the fact that the questions involved are far from being settled, and
that the loud complaints, and the many financial schemes and plans,
that have appeared all over the country make it probable that further
legislation on the subject will be attempted in the near future.

It must be conceded that there is something radically wrong in a
country like the United States, rich in all of the necessaries and
most of the luxuries of life, where nature has been most bounteous,
and