III.

다국어 초록 (Multilingual Abstract)

  THE most frantic clamor for an increased supply of currency since 1873, when Wall Street urged and persuaded Secretary Richardson to issue a part of the greenback "reserve," was raised in the early autumn of the present year. It is not to be denied that there was great stringency in the money market. There seemed to be but little loanable money, and what there was could be had only on terms that would have satisfied Shylock. Wall Street believed, in accordance with its usual habit of taking extreme views and of exaggerating every situation, that the country was suffering from a lack of currency...